Elliott Wave and Trading Levels chart
This is a corrective pattern across TL3|30.00 a Major Trading tradinglevel.
Even though we have a long position in this market we can look to add another position IF the market develops a nice support on TL3.
We can expect the market to have a smaller correction now at TL3, but will be patient and wait to see if support develops.
BHP Daily Chart 17 April 2018