Current structure looks short. Let's see how this develops over the next 24 hours. If we get a break down I'll be looking for a short trade which could go all the way down to the channel bottom.
I'll update my analysis as price develops so remember to follow to receive them. 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
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We've had a push down but as you can see from the snapshot below this could be an ABC correction of the previous move up or it could break down. I've set an alarm for the short break out - if it goes long I'll post a new forecast. Don't do anything until we know what it's going to do next
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This is starting to look like a correction rather than a move back up. I'm waiting for a break down and a short trade set up.