Potential trading terminal
We could still be in a flat. But what if that flat was expanded? To maximise profits entry would be be at the 62% retracement, however to be safe a breach of wave 1 high would be a signal. There is a daily MACD cross, so it seems fairly safe to set buys just above the top of wave 1.
If the entry is obtained at the 62% retracement stops should be placed just outside of wave 1 bottom in case of shakeouts.
If the trade is taken at breakout tight stops just bellow the top of wave 1 can be placed.
The targets for the bull count are the 200-261% extentions
If however the bottom of wave 1 is broken the bull count is invalidated and the bearish zigzag count is used for a short. Only time will tell.
For the bear count targets would be the major supports at 3500 and 3000,.