This is not a trade call it is simply an idea. This looks like a diagonal - which should comprise of 5 waves each containing 3 waves. If my analysis is correct then price should go long (as indicated) If it is a diagonal there should be a nice short once it breaks out - that is the trade I'll look for.
If it breaks out short without completing the structure - I'll look for a flag to get short.
Lets see what happens Ideas welcome Steve
Komen
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On the 240 chart we have a better view of the "diagonal"