So i have placed my entry right around point 4 of the wave series to maximize profits and limit my loss if the market decides to turn and run for the .
I have placed my stop at point 2 which is previous structure. if the market rallies to break that structure, i can pretty much bet it is going up to the next structure point to complete my , but it doesnt seem likely with the market in this momentum.
I have placed my limit at some structure from the middle of last week where the market had reached some lows, i will be betting that the market rallies off those lows in the near future.
Thanks for checking out my idea, please leave some comments and or like this post if you agree, if you disagree , please leave a comment so we can both learn a little about this particular wave pattern.
And always follow me for updates and ideas in the future. Thanks again guys and as always Good Trading everyone!