I let this one go today. Over 2.64 without making a new low maybe I'll reconsider. That initial impulsive move may have been a C wave in red (B) as an expanded running flat. Could be dropping in 5 of (C) next, so I'm redeploying capital elsewhere until I have better confidence. If holding long I'd keep stops at 2.15.
Eaglecreek
⋅
@nick.holland78, 3.05 was the December low. I have 2.29 as the 0.786 fib retracement for Wave 2 low which is coming out shortly. Get FNG or MikeR to
Do a Hurst cycle analysis on this and have them put it up in the trading room.