Looks like it's making a D wave of a higher degree correction. Currently it seems to be in the B wave of the 3 waves which will take us to D
This current structure may have some more up in it but it is highly likely that it will break down within the next week or so.
Remember you cannot lose money until you open a position therefore you must wait for the chart to do what you expect before committing. If it does not do what you expect you must reassess the situation and adjust your expectancy.
Wait for the breakout and 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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Price moved as expected but we don't have a entry setup at the moment. We'll have to wait and see where it goes next. It could go back into the channel or come back down as part of the current correction. If it comes down wait for the breakout
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