The confirmation of wave V is when the price break last highest price (4.5) with momentum indicator support, unless it will trabsform to complex-corrective wave IV. The conservative target price should be 61.8% or 100%(common) fibonacci retracement of wave I; according to rule of Elliott wave that "wave III always not be the shortest wave"
please consider before making the decision... any ideas feel free to share thanks. --Doctor Way play stock--
Note
risk reward ratio approximately 3 if use half of the previous big white candle as a stop loss, the alternative stop loss point is the 23.6% fibonacci (4.36).
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.