We've had a nice deep correction after the previous impulse - it could come a little deeper to the 50% fib. We look for the break of structure as our clue that something is changing. Do not try to catch the turning point - wait for a confirmed breakout and the correct set up for a long entry.
Forecasts will be updated as they develop so remember to follow to receive them. You can also receive notification of updates via twitter
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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Mairita
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What is your thoughts about this one? How far it can drop before going up?
SteveNixon
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@Mairita, It doesn't matter how far it drops. We are looking for a break of the trend and then we look for an entry set up. Hope this helps