This is a medium-term high probability trade with an upside potential of up to 258%. Duration- 8 to 10 months.
Multiple signs make this a high probable trade- 1) Bullish divergence in MOM indicator 2) Elliot wave (3) starting. 3) FLAG break breakout. Height of the pole is 258% hence the optimum target
There is a GAP just above the break-out zone, wait for a close above 258-259 and then go long. Stop loss- 198, trail the stop loss as the trend develops.
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