This looks very much like a higher degree impulse to complete the Impulse - Correction - Impulse. We could currently be in wave 3 (orange) of the third wave (Blue) of the next degree up (See snapshot below) The next long opportunity will come at the end of wave 4 (orange)
In short look for a long trade at the bottom of the next dip
I'll update my analysis as price develops so remember to follow to receive them. You can also follow updates via twitter (link from my TV profile)
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 Nixon
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So far so good. Once this move up corrects we'll be looking for a long entry
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Sorry I forgot to say it now looks like wave 3 is complete and the correction will be wave 4
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All corrections have been very shallow so far. Expect a larger correction before price progresses much further
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Wave 4 may be close to completion - there should be a nice long trade coming up