Short-term Trend Analysis for Corrective (Green) Wave A-B
This falls in accordance with Scenario 1. I actually made this at the very beginning of (Green) Wave B, but was not sure if this analysis was good enough. After waiting a bit the data seems to show support for it.
Trade active:
In the (Black) Fifth Wave right now. Nearing our short zone.
Comment:
Also, you may want to wait for a good confirmation before telling if we are for sure going down, or perhaps up.
Comment:
Very close to entering the "Short Zone." I would recommend shorting now honestly, I always back out a little earlier than planned and I'm seeing resistance at $4,090. If there are small sell-offs for little bit (like an hour maybe) then we could see room for growth up to $4,150, but I think that's it.
Don't rule out a possible rise either though. Looks unlikely, but that's exactly the Black Swan Problem.
Don't rule out a possible rise either though. Looks unlikely, but that's exactly the Black Swan Problem.
Trade closed: stop reached:
Yup.
Found this little number. If the allegations are true, it'd be the catalyst for another panic-sell. Keep an eye on the market people.