This could be the breakout we've been waiting for. Wait for a correction (flag) before going short. This could still reverse back into the channel for another wave up so be careful and wait for the confirmation that we are looking at the start of wave 5.
I'll update my ideas as they develop
First rule of trading - Protect you capital
Any one trying to learn Elliott Wave Theory can find a FREE comprehensive Building Blocks video course on my website. See my profile for the link.
You can also follow updates via twitter (link from my TV profile)
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 Nixon
I'll update my ideas as they develop
First rule of trading - Protect you capital
Any one trying to learn Elliott Wave Theory can find a FREE comprehensive Building Blocks video course on my website. See my profile for the link.
You can also follow updates via twitter (link from my TV profile)
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 Nixon
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Look like this is the short breakout as expected
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