Hi again, I took some break around the holidays but it's time to work, As a matter of fact I scalped some xbt these last 2 days but it nows get a bit unclear. With that I mean there are two main possibilities that are kind of 50/50 at least for me. Maybe someone has a clearer explanation.
Here it goes. I'm sorry I labelled all degrees in 2 colors but I wanted to be simple.
2 counts. Yellow and white. Both cases we correct the 6k to 3k move with an impulse going up for a waveA.
My main (more possible count) is the yellow one. I would say I prefer it 60/40%
That corrective sequence after the major A is a very very hard case to analyse. Is it a zigzagA-triangle or flatB-zigzagC with that odd finish down
or is it all a zigzagA. Since it's deep I prefer it to be a full correction ABC followed by a waveX. In that case we can have a triangle in the Y to finish it (the yellow B) and go long for the C up.
White count has everything in the unclear move as an A, then a triangle B and we go down for a C to finish the white major B and then up for the C.
A problem is also where it says "here' It's an impulse move. Triangle has only corrective moves so it has to have ABC in it as the other waves before it. Only one of the subwaves is allowed to be complex and must be a zigzag family. So maybe this is the complex one.
The important is, do we setup a trade. Well, I think going long with a stop at the yellow E is an opportinity, since 1st I prefer this count, 2nd - If Im right that last wave is the complex one, we should get another leg up in it even if it then breaks below we are moving the stop upwards and go with a free trade.
If it breaks right now, we lose a 12:1 trade and this is when Im not even measuring the target, It is just at the top of the screen. C can go even higher.
I hope you Elliott fans understand what I'm saying, sorry for any grammar mistakes, not a native English speaking person.
IMPORTANT! This setup is my own count.
First this is what I can come up with.
Second there are other counts that can play still valid.
Third No matter if Im wrong or right, TRADING IS A MATTER OF PROBABILITIES. WE GET STOPPED 4-5 TIMES OUT OF 10.
Sometimes you are wrong, sometimes you are right. Winning is discipline taking little losses and winning big when you get it right.
Sometimes low percentage probabilities happen and really often we get the count wrong.
I read a lot of hate to traders publishing so I wanted to say this. Don't rush putting a ticket on someone. We are here to help.
Good luck!
Here it goes. I'm sorry I labelled all degrees in 2 colors but I wanted to be simple.
2 counts. Yellow and white. Both cases we correct the 6k to 3k move with an impulse going up for a waveA.
My main (more possible count) is the yellow one. I would say I prefer it 60/40%
That corrective sequence after the major A is a very very hard case to analyse. Is it a zigzagA-triangle or flatB-zigzagC with that odd finish down
or is it all a zigzagA. Since it's deep I prefer it to be a full correction ABC followed by a waveX. In that case we can have a triangle in the Y to finish it (the yellow B) and go long for the C up.
White count has everything in the unclear move as an A, then a triangle B and we go down for a C to finish the white major B and then up for the C.
A problem is also where it says "here' It's an impulse move. Triangle has only corrective moves so it has to have ABC in it as the other waves before it. Only one of the subwaves is allowed to be complex and must be a zigzag family. So maybe this is the complex one.
The important is, do we setup a trade. Well, I think going long with a stop at the yellow E is an opportinity, since 1st I prefer this count, 2nd - If Im right that last wave is the complex one, we should get another leg up in it even if it then breaks below we are moving the stop upwards and go with a free trade.
If it breaks right now, we lose a 12:1 trade and this is when Im not even measuring the target, It is just at the top of the screen. C can go even higher.
I hope you Elliott fans understand what I'm saying, sorry for any grammar mistakes, not a native English speaking person.
IMPORTANT! This setup is my own count.
First this is what I can come up with.
Second there are other counts that can play still valid.
Third No matter if Im wrong or right, TRADING IS A MATTER OF PROBABILITIES. WE GET STOPPED 4-5 TIMES OUT OF 10.
Sometimes you are wrong, sometimes you are right. Winning is discipline taking little losses and winning big when you get it right.
Sometimes low percentage probabilities happen and really often we get the count wrong.
I read a lot of hate to traders publishing so I wanted to say this. Don't rush putting a ticket on someone. We are here to help.
Good luck!
Comment:
Well, we got the break we were looking for after a triangle. Now that we know it's going up, whoever is not in the trade can take that retracement today and ride it to a possible 4800-4900$ before correcting and in primary macro count - going down for the final sequence to 2k. But as always there is a probability that it has bottomed at 3200, I would say 25-30% probable. Releasing idea soon after we have some upwards movement.