Here is the Weekly chart that I showed my members on Nov. 9th at the time I gave and executed a SHORT trade:
In it you can see that I was projecting that prices would start heading down sharply. And what you can also see is that my wave count shows that this down move is part of the overall wave (B) correction. That wave (B) correction being a part of an even larger wave (4) correction. Well, as you should well know, wave B's are composed of 3 waves itself. Waves A, B and C. Here is my current Daily chart:
In this chart, you can see that right after I published my Weekly projections, it fell! And fell Hard! And we went short on that drop! You can see the way that I have broken down the wave (B). Wave A and B of the larger (B) are both completed. That leaves the wave C of (B). And that is where we are now. Remember that wave C's are impulsive and consist of 5-waves. By my chart, you can see that this wave C has just started and has a ways down to go yet! So far (as of this post), we are already in profit by +186 pips or so and are looking for A LOT MORE!
For now, according to my wave count in this 4HR chart you see above, it is currently correcting the recent strong drop in a wave iv. That wave iv is still working and should still retrace more. There is a POTENTIAL Bat as well as an pattern that is in development. Upon completion, it should resume the larger downtrend.