Price moves in 3 drives only 2 have been completed so far. if we copy and paste the first impulse and duplicate it on the 2nd impulse it is a perfect match. Therefore if we take this into consideration with our third drive theory then we can be looking at a good sell off at this region. We can be looking at a good 80-90 pips if we pull this off with a good risk to reward of 1:3.
Comment
⋅
good idea but unlucky result as market did not validate the move