WHAT TO EXPECT
Prices should eventually get back up to the TL and SR resistance zone and test it again for the 3rd time. This time, it should have the required momentum to break through Once it does that, then it should be clear sailing on the wave (iii) of 3 up!
MY TRADE PLAN
I’m going in on this trade for a LT trade as I see prices possibly moving up into the 1.50 price level. My stops are down below where I have marked the end of the wave (2) so that if prices do move down past that area, then my wave count is wrong and I will need to re-assess and re-analyze things.
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