$SQR Long using Elliot Wave Theory - 1 hour chart

SQR appears to be in the C wave of a large ABC. The 1:1 Target for this C Wave is 0.80946. The internal structure of the C wave however suggests that the C Wave might fall short with a 1:1 price target of 0.73866.

The TP for this trading idea is therefore the lower price target of 0.73866 with the SL set at the B Wave of 0.41431.