Likely setup for a short trade on the horizon. I will ignore the trade; simply using this as confirmation of my overall thesis.
I am overall bullish and I WILL ONLY ENTER once our blue box is initiated using a SET & FORGET strategy. Money management is NB!
We are looking for the 4th wave to complete first before we look for buy signals to complete the 5th wave ; ultimately completing the higher degree D leg of an ABCDE corrective structure.
We look to complete the higher degree X Leg for the WXY Correction; which has a final lower target (Y Leg) set at the 61.8% retracement of the previous higher weekly bullish pulse.
