A correction within a correction sometimes called the 'x' wave { here wave (b) of correction ii} can be so unpredictable, time consuming, whipsaw within short ranges and not going anywhere; even if it's a minor c wave it can turn out to be an ending diagonal of deminishing ranges. It's a pain to be in. Therefore, while there are better R/R elsewhere, tracking this corrective wave (b) to completion with patience, then setup long for an impulse (c). Tactic - Let the market come to you.
Comments
InsideMarket
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I am a bit biased about the dollar. I think it should be appreciated just like you expected the (b) wave.
TradingEW
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Yes, the dollar is doing it's own thing in that direction, is that what you've got in mind? :