Hi Traders price has been forming this higher degree Zig Zag with 5 impulse waves 3 corrective waves another 5 impulse waves we are currently trading on wave B of 4...at this point the volume decreases prices RSI starts printing divergence...great risk reward ratio out of this trade would be to enter around the orange box which is my 50 & 61.8 retracement level measured from wave 2 & 3 my SL is place exactly on the peak of wave 1 as all Elliott Wave traders you should know that wave 4 doesn't retrace more than the peak of wave 1 only then will we consider this trade invalid for now we need to watch price till all our factors are made prior to any entries.
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