Revisiting my old TA (posted almost a month ago), seems the wave count is validated. You can see it at
Now... assuming I did perfect wave count, then we are at Wave 4 correction, isn't it? yeah.. bears are happy now, while bulls not completely out of woods.
I'm not trying to be ahead of anything, it's just some possibilities.. Again.. assuming we're at Wave 4 correction after (what we believe as) end of Wave 3, here's options for shorting on this pullback.
a. 24% - 8700.5
b. 38% - 10275.6
c. 50% - 11626
This is solely counted based on EW and Fib. Did not consider any fundamentals situations, indicators. Your investment, your responsibility..
Now... assuming I did perfect wave count, then we are at Wave 4 correction, isn't it? yeah.. bears are happy now, while bulls not completely out of woods.
I'm not trying to be ahead of anything, it's just some possibilities.. Again.. assuming we're at Wave 4 correction after (what we believe as) end of Wave 3, here's options for shorting on this pullback.
a. 24% - 8700.5
b. 38% - 10275.6
c. 50% - 11626
This is solely counted based on EW and Fib. Did not consider any fundamentals situations, indicators. Your investment, your responsibility..
Comment:
we have pullback from 24% now.. :)
could it be end of Wave 4?
I welcome any input and critics
could it be end of Wave 4?
I welcome any input and critics
Comment:
Feb 9th, it bounced to 8700, retracted and bounce
Feb 16th, it bounced to 10270, this is now..
match it to the chart :)
Feb 16th, it bounced to 10270, this is now..
match it to the chart :)
Comment:
are we going to 11626 and then full blow to the bottom?
Comment:
I'm ready for shorting when market telling so. But not so fast, eventhought currently it's moving perfectly following wave count I planned, I still look for another possibility, it keeps going up..
Comment:
Moment of truth. I bet nobody knows where we are heading to.
is it a 12345 in bear direction? or ABC correction has ended and we are at the top of Wave 1 of new wave cycle?
IMO, No need to think about it. Money is money. take profit or HODL. no way selling at lost
is it a 12345 in bear direction? or ABC correction has ended and we are at the top of Wave 1 of new wave cycle?
IMO, No need to think about it. Money is money. take profit or HODL. no way selling at lost
Trade closed: target reached:
it stop at 50% pullback... :) exactly as we planned..
this is not a trade zone for me. I'll watch and decide my action after current consolidation and breakout.
this is not a trade zone for me. I'll watch and decide my action after current consolidation and breakout.
if you are bear :)