After an extreme down bar at 1 - selling climax, we have an impulsive move at 2 and an ABC wave down to the support level. It should look like a harmonic pattern also.
Buy near support level with 2 ATR stop loss. if we hit 1st target - swing point a, move stop to break-even. Our main target is the high of wave 2.
Buy near support level with 2 ATR stop loss. if we hit 1st target - swing point a, move stop to break-even. Our main target is the high of wave 2.