We've had the predicted move down and now it looks like we it is preparing to drop again. Watch this closely to see how the correction develops - I think it will be a short lived correction As I said earlier this might be the start of wave C which could be a huge move down.
This is not investment advice - just my view of the charts
Hope this helps Steve
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To trade this wait for the break out and correction in the 15 min chart to confirm it's not going to retrace the break out.
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Nothing has changed here. This still looks like it is ready to breakout short so we'll just wait for the correction to complete.
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This is a great lesson in the importance of waiting for the breakout before opening a position. Anyone who followed what I said will not be in this trade. Short positions opened before the breakout will have lost money.