DislikedDuring the first trading hours on Monday price action @EJ managed to go higher than its previous max level (the peak of wave 3), as shown at 30 min chart.
It means, that the pattern of 5-wave impulse is almost completed. The most expected variant of the development is the division of this last wave into 5 parts. It seems that right now EJ is at the stage of forming wave 4, after which we should expect another uptrend impulse.
I suggest opening buy orders with stops below 123.5. The initial target may be set above 125.2, but I prefer to close...Ignored
Cheers
"Buy on fear, sell on greed !!!