2UC-what-IC

This can still play as a Wave-2. It's deep, it's still technically valid as an a-b-c and it's got a huge upside for an excellent risk-reward. With a stop below the 78.6 and two targets above... this is very trade-able. Often the trade that looks the hardest to take is the one you want. If you're cautious about the structure, you can wait for the oscillator to confirm. I'd rather take it here knowing that if the 78.6 is taken out the Wave-1 low will be a target and we'll have to recalculate the count. I'm in here with slightly smaller size knowing I can add as we go if we're starting a Wave-3. You make your own call... I'm already in.