Long position after consoloditation. Wave and Fibo.

٩ أبريل ٢٠١٦

The price is right now in a consolidation, i am waiting for a retracement, as you can watch in the downside arrow to take a long position. As you can see in the chart, it has end its impulse season with 5 waves, now i am waiting at least 3 waves in a downside way before it touch the 38.2% fibonacci level, and start a now impulse cycle.