Readers will recognize the formation here. It is described, once again, in our paper on the web: http://wwwedwards-magee.com/ggu/alphabetazetawaves.pdf
What we have here is a short term trading signal. The formation has not fulfilled itself completely, but we started scaling in with a very small position. This is not recommended. It is very speculative.
But, also, although unfinished this formation probably marks the end of the downwave –meaning it is probably not the start of a major downtrend.