Wave 2 looks to have completed at the .5 fib retracement level of wave 1. If a wave 3 follows it is likely to extend to at least a 1.68 multiple of Wave 1.
Stop moved back to the start of wave 1 to give wave 2 room to breath.
ciano1993
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Temporally moving stop to just below the wave 1 extreme to protect this being a 3 and not a 5 wave move. If I see a wave 5 to complete the first impulse I will move the stop back to the beginning of the impulse since wave 2 can retrace all of this wave 1 impulse before we see a wave 3.
ciano1993
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Made one more slight move up which could have been a small wave C so I adjusted my Wave count. My pending order has since been hit.
Stop moved back to the start of wave 1 to give wave 2 room to breath.