Elliot Wave: currently on wave 3. Having a small pullback that retraced into wave 1 zone. Expecting a push out of wave 1 zone to complete wave 3 to the upside
Notes:
Overnight order entry placed at the .764 retracement
morning star formed around the .764 level and the S1 pivot point
stochastic showing oversold macd histogram showing momentum slowing to the downside. mutiple crossovers happening
TP Goal around 40 pips but will let it ride as far as possible to wave 3 high
What can go wrong: the current downside retracement could go further down before turning over to the upside.