Looks like today is the day correction begins. RSI reversed clearly and Godmode crossed over. On the chart is where I think key levels are and the arrows represent what I think price action will do on the way down, I tried to draw them reasonably accurately. Open long trades anywhere within the green box as long as we have reversal confirmations to then begin wave 5.
Comment:
Note: If the bottom of the hard support area is breached it means the wavecount must be redone, as it means wave 3 shown in the chart above is actually wave 5, and price action will look different for the correction.The hard support in that case is $1200.
Comment:
Trade going as planned. prepare for the next leg down to 3980 level
Comment:
Trade still going as planned, after everyone else said to open long trades because of the small upwards correction. Keep your shorts on.
Trade active
Comment:
Bounced perfectly as predicted.
Idea continues in part 2 here
Idea continues in part 2 here
Too late to edit the idea but I've updated the hard support to reflect it's true nature. It's a zone, not a line.