Price has reached and ranged at Resistance and continued to show that Buyers are going to be able to break above this time, price then showed our first impulsive leg. After an impulse we wait for a correction, our most ideal and picture perfect entry would be at the 38% matched with whats our new resistance but I do see how price can retrace to the 61.8 % faking our and stumbling all sellers that are ready to enter at the 38%. Elliot wave rules are met if price retraces to the 61.8% then a Sell Order may be placed. Let's allow price to fluctuate then begin to look for an entry, Short.