just an idea from a unexperienced trader
counting can be tricky and im propably wrong more often then im right but i figure as long as i draw all the wrong ones too im not easily suprised
another count would this not make the finished 5 of 3 .. but the 5 of 5 then the 0.168 would take it back on a retest to the orange channel which kinda would make sens if the orange channel is that significant
but for the moment im looking at it like this
counting can be tricky and im propably wrong more often then im right but i figure as long as i draw all the wrong ones too im not easily suprised
another count would this not make the finished 5 of 3 .. but the 5 of 5 then the 0.168 would take it back on a retest to the orange channel which kinda would make sens if the orange channel is that significant
but for the moment im looking at it like this
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looks suspicious to me .. sure it is going down but it almost "feels" like not enough comitment ... for example the same low (first low could be just like a inverted cat dead bounce roger that) so the 2nd top would be the actual start for a impulse down but im gonna watch out for a possible further move up ... for the moment i took both trades down to this point and now i wanna see more ... "something" :)
so beware my friends trade safe
so beware my friends trade safe
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i think we are done here ...
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point IV reached the only little hickup is my count is propably wrong i belive we were already at V and this down move was the 2nd correction wave down from the larger structure .. so wave 1 and 2 beeing done now
funy tho how this actualy hits 0.618 when you meassure the wave 1 as a whole ... another cooincidence its the upper side of a channel it broke out of (2nd picture orange channel).. and there is another tiny little thing its a retest of the line connecting all time high with the next high as well . i would expect up from here but i wanna see UP befor ill do anything,.. catching falling knives is no fun when it drops like that :)
funy tho how this actualy hits 0.618 when you meassure the wave 1 as a whole ... another cooincidence its the upper side of a channel it broke out of (2nd picture orange channel).. and there is another tiny little thing its a retest of the line connecting all time high with the next high as well . i would expect up from here but i wanna see UP befor ill do anything,.. catching falling knives is no fun when it drops like that :)