Waves recently just did a breakout and is expected to go up. The only problem is now that it's near a fib resistance level so it would not be wise to buy in right now. Wait for it to break the resistance and watch it grow.
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Komen
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Update:
Only go in when it creates a candle over the entry(or on). The candle that touched the entry was rejected by the fib resistance and the trade isn't active yet.