Please keep the above mentioned stoploss absolutely sacrosanct.
Label ]2] typo is understandable,and if this count is correct , there could be good movement soon. But the indicators doesn't support such big Bullish move now.
My two cent: Wave ]1] marked looks like wave ]3] by its wave personality. if then, the wave 3.1 marked could be a terminal wave ]5] and looks like a terminal wave too.
daily MACD is in bearish zone, RSI 14 is at 50 level support. such situations looks bearish. Please consider an alternate count.
By the way, My idea is to share the information only, and not acting a master. I am also making all the efforts to catch a 3rd wave & Many a time my count also went wrong.....
So please continue you good work.
Thanks a lot for your comment sir...Considered the (1) because of the long 2nd wave..spanning a multi month correction.
From an indicator point of view...day RSI is showing positive divergence and a clean 5 waves down. Will look to add the charts here...
On a monthly scale..58 is 64 is a breakout point based on trendlines...hence looking at this aggressive stop.
Never combined indicators to show a 3rd wave..but will look at it sir..