1. Wait for a break out of prior ATH resistance and sell fibs,.
2. or a 50% retrace with break out validation.
3. If break down to primary C wave Short.
So far we have 2 of 4 target zones hit from previous analysis.
2. or a 50% retrace with break out validation.
3. If break down to primary C wave Short.
So far we have 2 of 4 target zones hit from previous analysis.
Trade active:
hit our 50% mark buys triggered on 51/52k for a scalp/possible swing into 53900/5500 and 57/8k stops on 51000/49690, wait for break out confirmation for a re tap of the yellow channel, next buys are placed on the 48-46k range for a full retrace.
Comment:
39k would be major C wave target longer term if we are to reject from daily ranges.
Trade active:
C Wave 1 target reached :)
we may have an extension or completion .
we may have an extension or completion .
