I'm expecting some more downside on this pair. It has jus completed a 5 wave cycle and is in the process of finishing the B leg. Therefore, shorts are possible all the way down to C where I expect for us to see a possible bounce higher.
B waves are tricky, hard to tell where they go buy nevertheless that's a decent hypothesis
ProlificGhost
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Yeah. Price can extend past A to put in a extended B, stop at A, or stop short of A. The full margin entry I already snagged on the first touch but sometimes it can be good for a retest. @tradingcan2010,