The headline shows my trading insecurities, I suppose ~~~~ But, it all adds up to a short around 95.75 with stops above X That's pushing my comfort zone about 50 pips, especially on 3 units. Maybe the candlesticks will help - A Lot ! The EW may not actually help but it seems reasonable. Even the alternate count of a-b-c=A-B-5 wave C instead of the 1-2, i-ii comes into drive 3 about the same. (not shown) So far the harmonics/symmetry are supportive. If they continue to do so, I'm IN !!!! If not, I'll stand aside. Nothing could go wrong, right ? {{oh ya, the 0 Drive ? I'm wondering to myself if this means anything good or bad or no significance for a 3 Drive pattern?}}
Comments
dojitrader
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Drilling down for a little fine tuning ~~~~
(Hoping I'm not getting to smart for my own britches !)
iv has entered the area of i so I'm thinking a re label is more accurate
albeit, the outcome is about the same, except:
the new count might put the entry closer to 96.00
So, as price action looks to the final structure - and the candlesticks -
I'm thinking I'll ignore the Bat entry and look for 96 with stops also a little higher.
dojitrader
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Bat pattern is active, but, the wave count has fallen apart so,
I have little confidence is this set up. If we hit 96 I'll give it
another consideration. Standing aside for now.
dojitrader
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Don't you just love it ~~~~
When you wake up to profits !
The wave count is a mess, but, as I surmised,
the Big Figure of 96.00 was too much of a magnet for
price action not to test and rejected soundly.
Entered a limit @ 95.98 and leaving stops @ 96.22.
With such a sharp rejection anything above makes this idea wrong.
If we do get a retest of the test might another short if the candles
and momentum show continued weakness.
traderWgun
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This looks like an air tight idea! ;D
dojitrader
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Thanks for the encouragement.
I'm always worried when a set up looks air tight.
They're so easily blown to bits and yet
so often it seems like the messy one's have greater possibilities.
(Hoping I'm not getting to smart for my own britches !)
iv has entered the area of i so I'm thinking a re label is more accurate
albeit, the outcome is about the same, except:
the new count might put the entry closer to 96.00
So, as price action looks to the final structure - and the candlesticks -
I'm thinking I'll ignore the Bat entry and look for 96 with stops also a little higher.