What we see here is a perfect set up using the Elliot Wave Principle. This pattern ticks all the rules;
1. Wave 2 retraced less than 100% of wave 1
2. Wave 3 is not the shortest wave of 1,3 & 5
3. Wave 4 did not retrace into the price territory of wave 1.
We simply need to wait for the corrective wave to complete wave C then we short all the way down.
Keep an eye on this one folks we're banking here!
1. Wave 2 retraced less than 100% of wave 1
2. Wave 3 is not the shortest wave of 1,3 & 5
3. Wave 4 did not retrace into the price territory of wave 1.
We simply need to wait for the corrective wave to complete wave C then we short all the way down.
Keep an eye on this one folks we're banking here!