Start of Wave 3/C bull cycle?

12 thg 1, 2021

ng has deeply corrected in a triple zigzag formation to the .618 retracement low, from there we notice a complete 5 wave impulsive cycle with the potential of a new cycle forming for potential wave 3/C, this implication is that we likely retest above 3.0+ in the near future

12 thg 1, 2021

Ghi chú

this count has sometimes confused other elliot wave traders as the B wave has been disguised as a potential w3 or w5 pattern.. the expanded flat correction is difficult to predict

13 thg 1, 2021

Giao dịch đang hoạt động

long entry active at 2.7 with a stop at wave C invalidation

13 thg 1, 2021

Ghi chú

in profits currently from 2.7, but the wave looks corrective, in order to protect myself from a wrongly biased count.. i am putting my stop loss right at 2.7 breakeven. gl traders

13 thg 1, 2021

Giao dịch được đóng thủ công

very close to being stopped out, when the bounce from 2.7 failed upwards, i took a scalp profit out of it at 2.72.

this was a highly optimistic count, that has not yet been invalidated, but the price action is very choppy and unpredictable and i don't like trading this way.