I am new to trading of any kind as of JUNE, so I am still learning.
(1) - Theory 1: The ELLIOT WAVE has passed 1,2,3,4,5 and we are currently in the middle of A,B (End of B ?) before the plunge of direction C.
-OR-
(2) - Theory 2: There is a possibility we could be setting up for a brand new wave and we are seeing 1,2 (Like the beginning of my first ELLIOT WAVE) before it shoots up WAVE 3.
We are currently in a pendant which I think is a signal that a change is about to occur.
My position is that I am currently out, and watching for the right time to get back in.
- If it goes above the 4250 mark, it might be a sign that it will continue to go up.
- If it continues to go down, I will continue to watch for an opportunity to get back in around the 3500-3850 mark.
Thank you to the helpful people like DLavrov and SEAN_VENGAN in this community that give guidance to the silent watchers such as myself.
(1) - Theory 1: The ELLIOT WAVE has passed 1,2,3,4,5 and we are currently in the middle of A,B (End of B ?) before the plunge of direction C.
-OR-
(2) - Theory 2: There is a possibility we could be setting up for a brand new wave and we are seeing 1,2 (Like the beginning of my first ELLIOT WAVE) before it shoots up WAVE 3.
We are currently in a pendant which I think is a signal that a change is about to occur.
My position is that I am currently out, and watching for the right time to get back in.
- If it goes above the 4250 mark, it might be a sign that it will continue to go up.
- If it continues to go down, I will continue to watch for an opportunity to get back in around the 3500-3850 mark.
Thank you to the helpful people like DLavrov and SEAN_VENGAN in this community that give guidance to the silent watchers such as myself.