We've seen a massive impulse mid 2024. We are now in an ABC correction. We are currently in wave B of the correction, subwave B. Expecting subwave C to complete wave B.
We're looking for a rejection of the fib zone and a drop of over 700pips.
Trade idea: - Watch for rejection of fib zone - Once rejection appears, enter with stops above the highs - Targets: 86 (350pips), 83 (700pips)
Once we've completed this move down, we'll be looking for longs. We'll update this setup if there's enough engagement.