But, first, there is a small chance for an aggressive long IF
Wave 5 equals Wave 1 and the candlesticks trigger a bullish
pattern for a low risk entry on the hourly or 15 min chart.
The better play is probably the short for what could be a
entry into a wave 3.
Will be looking for Wave C to equal Wave A if this is a 2nd wave
increases the probability of a zig zag. Maybe ?
Of course, if this is a 2nd wave it is valid all the way up to 100% of
wave 1, but what could go wrong, huh ?
The Daily chart provides a longer term perspective
Wave 5 equals Wave 1 and the candlesticks trigger a bullish
pattern for a low risk entry on the hourly or 15 min chart.
The better play is probably the short for what could be a
entry into a wave 3.
Will be looking for Wave C to equal Wave A if this is a 2nd wave
increases the probability of a zig zag. Maybe ?
Of course, if this is a 2nd wave it is valid all the way up to 100% of
wave 1, but what could go wrong, huh ?
The Daily chart provides a longer term perspective