Looking like the harmonics and symmetry of this corrective price action is continuing to fall into line. No Doubt, the RBA rate statement will mess that up !!! Anyway figured to put this out in case it does come into play as planned.Low risk as any price print below c will shoot this idea down completely. I've included a chart in the comments that show the larger corrective action for some perspective.
Comments
dojitrader
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Looks like the trend line test has stopped short of a good
entry and an entry now, in anticipation we've entered wave 3
would require a smart stop of almost 100 pips so, standing aside
seems the best thing to do for now.
dojitrader
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As is often the case, price of the e wave
never made it down to the bottom before it blasted off.
Maybe, if we get a retest of the top trend line, a second
chance to enter long will appear.
entry and an entry now, in anticipation we've entered wave 3
would require a smart stop of almost 100 pips so, standing aside
seems the best thing to do for now.