Even after the shakeup of Brexit the larger corrective structure continues. I have been following the ABCD
structure from before Brexit and it seems as if the count is still valid. Based on this I will be looking for a long trade in the next week. The smaller ABCD
of the larger AB leg could indicate that on NFP this could result in a spike down (grey ABCD
) before completing the AB leg of the larger pattern later in July.