The current correction could be Wave 4 and therefore we should have one more move up before a larger correction. We'll know very shortly - once price reaches the structure line we'll see if it bounces or breaks out.
Watch for a long entry setup
Forecasts will be updated as they develop so remember to follow to receive them.
Always wait for an entry set up before risking your money.
This is not investment advice - it is purely for educational and discussion purposes. Your Ideas, comments and questions welcome
Good luck Steve
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We've reached the structure line and price seems to be in a ending diagonal. This looks more long than short to me but we don't have a set up either way. I'll leave this alone until we can clearly see what it's going to do next.
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This is why is see this long
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IamSteven
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Looks like a breakout possible now!
SteveNixon
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@FxRussian, Anythings possible but I don't see a breakout yet. Please see my update. Thank you for your comment