Short The Triangle Thrust or 3 Drive @ 1.618 fib ext ???
Such a conundrum !
The measured move of the triangle points to .88295
But,
There is the possibility of a 3 drive @ 1.618 fib ext that points
to .8845 which is 4 pips above the August 2011 high of .8841
Hard to imagine not testing the high so I think I'll ignore the
thrust target and wait for the 3 Drive short.
So far, price action seems to be building an extended 5 waves
of the 5th wave which would also target about .8840
Candlesticks ? Of course ~~~~~ may help with entry and stops,
but, the 3 drive is very compelling for a limit order should it hit
when sleeping or recreating or . . . trying to talk myself out of the trade !!!
The measured move of the triangle points to .88295
But,
There is the possibility of a 3 drive @ 1.618 fib ext that points
to .8845 which is 4 pips above the August 2011 high of .8841
Hard to imagine not testing the high so I think I'll ignore the
thrust target and wait for the 3 Drive short.
So far, price action seems to be building an extended 5 waves
of the 5th wave which would also target about .8840
Candlesticks ? Of course ~~~~~ may help with entry and stops,
but, the 3 drive is very compelling for a limit order should it hit
when sleeping or recreating or . . . trying to talk myself out of the trade !!!