$SQR Long Using Elliot Wave Theory - 1D

The ABC down stopped just short of the 1:1 at 0.38840 and is now forming an ABC up. The 1:1 of the ABC up gives us a target of 0.69729. The SRSI has moved out of Oversold but still has room to move up and so a TP target at the 1:1 seems a reasonable expectation. A SL should be placed at the start of the ABC up at 0.41096.

TP - 0.69729
SL - 0.41096