I hope I am wrong but at the moment I see some crazy signs!
If the next step will be like this we have one problem and that is a big one !!! Price is back in a wedge-trinagle(and the wedge scenario will be alive again).
What does that mean? In many of my analyses, I mention that a wedge or triangle where we have ABCDE formations often we have two stop-grabbers at wave E and have D!
If and only if price going back in wedge than our previous impulsive wave was only part of D wave inside of wedge-triangle with stop-grabber and in that case, it is very possible that we will have a wave E to the downside also soon to the area under fibo 61.8 (nearby previous low)!
If the next step will be like this we have one problem and that is a big one !!! Price is back in a wedge-trinagle(and the wedge scenario will be alive again).
What does that mean? In many of my analyses, I mention that a wedge or triangle where we have ABCDE formations often we have two stop-grabbers at wave E and have D!
If and only if price going back in wedge than our previous impulsive wave was only part of D wave inside of wedge-triangle with stop-grabber and in that case, it is very possible that we will have a wave E to the downside also soon to the area under fibo 61.8 (nearby previous low)!
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.