Long Wave 5 Elliott Wave

Catching Wave 5, after it broke Wave 3's peak. SL is below Wave 3's low and TP is around the height of 0.382%. measured from the peak of wave 3 down.

Wave looks like an impulse on the 1 hour, so trade was placed on the 5mins chart

I think this TP should be safe, a more risky one would be the 0.618

Trade geschlossen: Stop wurde erreicht:

Well it did hit the SL before it went up to hit the TP. I should have close the trade earlier when it had trouble breaking through and was forming a correction instead of Wave 5 :(