Following on from my previous post, wave C completed in 5 waves at the trend line as expected. I am now expecting to see a wave 5. However once again the risk:reward is not at least 3:1 so based on my trading system I will not be entering this trade. If I was entering, I would enter on a break of a horizontal line drawn from the beginning of wave 4 of C with my stop at the wave C extreme.
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