Well, prices did exactly that. They are now sitting at the .886 retrace within the g-zone (goldilocks zone) which is a strong reversal level. This will also be a good point for the C point of the bat to go.
MY TRADE PLAN
Therefore, I am adding to my LONG positions here and buying again at this level. Stops go below the lowest low which if prices do break that would obviously invalidate the patterns and my wave count.
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.