Here is a Offset Wolfe Wave that Failed at point 5 , once Price closes higher than Point 5 then you either Buy or wait for a better place to place your trade , in this case i was also following the Elliott Wave Count that kept me being a Bull as you can see there is now a possibility of a Correction , i will update the chart on a Lower time frame in the next week or so depending if we have reached the bottom now .
Comment:
Just about the time to start looking for a Correction ,hope my Wave count is rite and if so looking at 53.90 to 54.50 for a possible Correction .
