Purple Arrow-(my preference):
Indicator Bottom-Stop loss: 15,156.00$
Entering Buying Point: 15,673.75$
R R Ratio: 9.05
The Target Shell(*) zone of 15,528.52 $ has been reached achieving a bottom at 15,156.00 $ that is a bouncing zone that would pull up prices to a new Target Shell (*) zone of 19839-19,927.00 $
Indicator Top-Stop loss: 15,156.00$
Entering Selling Point: 14,778.23$
R R Ratio: 2.21
If of 15,156 $ is broken down, it can be used as a Top & Stop loss Zone, in that case the Target Shell(*) zone would be of 13,942.00 $.
Counting on the current pattern evolution, the highest possibility (up now) is to bounce up prices in this zone, taking them to a new Target Shell (*) of 18,250.00$
(*) Target Shell: is Formula that projects upcoming targets, in function of the Wave pattern evolution + Fb numbers reached+ psychological resistance and support levels taken.
It can be defined as the most possible value to be reached in the next movement.