Description
⋅ If this is the correct wave count for this huge wave C then we should be on the start of the 3 third wave now.
In the bigger picture we see that we're currently in the right shoulder being formed of a head and shoulders pattern.
So there is a possibility that we will have a sharp abc- type of correction after this 5 wave structure towards our target.
Comment
⋅ Target 8850-8950
Comment
⋅
Crossing 55EMA
Attempt to start wave 3.Comment
⋅
Inverted hammer 45mins spotted.Trade closed: target reached
⋅ Even though it didn't exactly play out the way I wanted, it did workout eventually
For anyone interested, I have to corrected version here->