Idea is that we are currently in wave 3 of 5. I believe this 3rd wave will extend to 1.618 of wave 1.
I am coming to this trade late, but we do have confirmation that we've moved up past the top of wave 1. My SL is below that top, so right at a 2.5R if we move to the Wave 3 target of 111.649.
Would love to hear your comments! Best of luck in your trades today!