We had a very deep zig zag correction which could be complete. Wait for price to retrace some of today's gains and then start looking for a correction or flag (see chart drawing) This is not meant to be exact but merely a representation of what structure to look for.
All forecasts will be updated as they develop - remember to follow to receive them.
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
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We didn't get the retrace of the sharp move up so I'm undecided about this now. It's starting to look like an ABC correction which could go long - let's wait to see how far down C goes before making any decisions.
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Starting to look short again
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JessicaPearl
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Good stuff, is this structure still valid?
SteveNixon
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@JessicaPearl, Probably not still valid but lets see what happens over the 24 hours