$ETH
According to Elliott Wave theory, I expect a slight pullback to gather strength.
If the price touches the grey line and I see signs of a bullish reaction, I’ll consider entering a long position.
My stop-loss will be set just below the top of Wave 1, to maintain the validity of the Elliott structure.
If price drops to the red dashed line, both the setup and structure will be invalidated.
For the first target, I’m aiming for the 4.100 region, where I plan to take partial profit — and if the structure holds, I’ll try to ride the rest of the position toward a new all-time high (ATH).
I’ll post an additional update once I take action on this trade.
Entry: 3.840
Stop: 3.745
Targert ATH
