Looking at a possible retrace to complete a wave 4 then buying into the wave 5.This is my first look at ABC Corrections and Elliot Wave so i could be completely off the mark here.
Anyway its Friday close currently 21:30GMT so the markets dead.
Interesting setup tho to follow the Sunday open.
Looking to go long for a possible 50pip move.
Update Monday 2150GMT - Just moving into high of the B from the ABC - weak signal + overbought could signal end of wave 5 at minimum target. Will give this a miss.
It's important to not 'fall in love' with your trades, if the setup fails move on, look for another opportunity, there will be plenty. Remember in trading you have 3 options, your long, your short or stand aside.
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