In our last analysis, we identified we were in a correction were looking for a move up to complete wave B, subwave c. We are now nearing its completion and have banked over 150%.
We are now focusing our efforts on finding the reversal point for the next big trade. We have the fib levels falling in line with the recent highs.
Trade Idea: - Watch for price to enter our reversal zone within the fib levels - once there, look for rejection signs - use trendline break or BOS for entry - Targets: 0.17, 0.8, taper thereafter