Entry @ break of second waves 0.618 retracement
Stops @ new low below first waves 0.618 retracement or below 0.500 retracement (multiple violation of strong supports) based on preference
Target @ first waves -0.272 level (third wave completion), or alternatively at previous high.
After 3 failed tests price broke out from range and in spite of returning a second...
Entires @ 0.382, 0.500, 0.618 retracements of previous swing high (based on risk preference)
Stops @ new low + trendline break (invalidation point)
Targets @ 0.500 retracement of major previous downswing
There is 3 failed tests @ 0.382 before but the newest high put the setup back in to play. Exhaustation signs in the current range should be monitored closely....
