@fxswing, You are wrong. I was expecting a wave to end at that point according to my wave count, however it seems I was wrong about what type of corrective wave it would be. Has it been a regular zigzag it would be both that and a "head and shoulders". It's a risky trade but I accounted for the risk as you can see there is ample space for price to roam and the position size is relatively smaller than others. Thank you for the input.