Looking at price action here and actually it retraced just enough to get me in by 2 pips. I decided to adjust my entry this morning due to the fact that price never retraced enough during the previous London session. My adjustment was based on a couple of things. I realized that my count was wrong and I now believe we are in a Wave 4 of a 5 wave down trend. Wave 4 will be the only wave that develops into a triangular pattern. It is a contracting triangular pattern that can take a lot of time to play out. I believe it is a A,B,C,D,E pattern and we will see wave 5 real soon and I hope to reach my targets that I set forth last night. Oscillator is getting ready to cross zero line for the second time in our direction and Price and Time are lining up with fib time measurement from beginning of wave 2 to the beginning of wave 3. Let's see some action! Down, Down , Down. Let's see?
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