Purple Arrow-(my preference):
Indicator Top-Stop loss: 1,250.00$
Entering Selling Point: 1,228.73$
R R Ratio: 6.471
1,250.00$ is a junction of fibonacci numbers+indicators top zone+Target Shell(*)achievement, the Targeting down there
would be the zone of 1,100.00$-1,070.00$,it is a bouncing zone, that would pull prices up, but the Target is not defined yet, because the corrective pattern looks incomplete.
Indicator Bottom-Stop loss: 1,250.00$
Entering Buying Point: 1,303.00$
R R Ratio: 4.05
If of 1,250 $ is broken up, it can be used as a Bottom & Stop loss Zone, in that case the Target Shell(*) would be of 1,464.00 $ zone.
(*) Target Shell: is a Formula that projects upcoming targets, in function of the Wave pattern evolution + Fb numbers reached+ psychological resistance and support levels taken.
it can be defined as the most possible value to be reached in the next movement.
Now I´m trading red line upward to the target of 1,464.67 $ zone.
The result accumulated up now is -75$ / Unity, So we sitll have a R R Ratio =2.17.
An one more try climbing by red line is still profitable.