Elliott Wave - Short opportunity - Zigzag correction in effect

Following the conclusion of the impulsive 1-2-3-4-5 on this and the degree above, a, A-B-C correction down to the start of wave 4 on the previous impulse should follow. The form has already taken the first two stages of a zigzag (5-3-5) correction which presents us with a short opportunity with another 1-2-3-4-5 impulse wave down to around that shown on the image.

Entry may be on the first sign of bearish action. TP somewhere in the region of 14150, SL above the reactionary B leg of the correction around 14480.

I am already in a longer term trade idea back down to 13500.

Order storniert