DislikedGU:
Might be developing into one of these bias changing situations. It needs a pullback and then a rise past the 2nd high. This is the common factor in both situations,....you need two highs (high and higher high) and two lows (low and higher low), and then enter as PA moves up a third time. And the Sonic R. System EP might, or might not be, at the second high, because we enter at least several pips beyond the end of the first candle that exits the Dragon on that leg of the PA wave.Ignored
That pattern was killed when price was traded to lower lows. However, now there is another. And this time the up angle on the Dragon is much, much better. And as well, the Dragon is about to cross up thru the Trend line. Auspicious.
The pic attached shows the bias changing PA waves referred to. Personally, at this point, considering the ranging (which might continue) waiting for an entry above the half number might be prudent. That is about 16 pips beyond the end of the first candle out of the Dragon on this current leg of the PA waves. The risk here is that entering long at the top of the range will put the trade in the red if PA continues ranging, dropping again towards the bottom of the range. Which it could do between now and tomorrow. The only answer might be to place a tight SL.
If this looks too risky, then wait until tomorrow. Certainly by then, more of the market's cards will be on the table.