If price action follows the arrows you know where to buy. Target is actually much higher. This is just to show how to get in. execution and entry.
Wide stop is just in case we get a spike to the bottom, but really risk should be calculated underneath the smaller flag or the largest one if you really want to play it safe.
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Looking at the time of upward projection being around noon (low volatility) I would expect to see the next impulse during the london-New york session around 8-12