We waited patiently for completion of wave 1 and as we are in wave 2 we are expecting to touch 410/408 level which can be good to go long,trg and sl mentioned on the chart. Below that level we can see 403 and 397 levels. If we get opportunity to go long there, well that would be great. Now, if we sell at this level for wave 2, for target 410/408, the SL would be 438.60, where R:R is not favorable, so that is surely a bad setup, but if you can manage your trade, good for you, you can even sell at current level.
Thank you.
Thank you.