BTCUSD downward Elliot Wave is forming, opportunity for profit !

Hi everyone, corrective 4th wave of the pattern is getting filled, this gives us an opportunity to go short and fill 5th wave. As you know, I only trade “color options”, in other words, I bet on the color of the next candle in the price chart. So, as always, I will place bets on the next 10 candles with a view that most of them will be red. I will enter this trade after first red candle forms. My trade management rules are the same as always:

Rules:

1.Worst case scenario: if I will have 4 losing candles in a row, I will take my losses and look for a new set-up.

2.Best case scenario: If I will have 4 winning candles in a row, I will gladly take my profits and look for a new opportunity.

3.I will not trade more then 10 candles in a row and I will stop trading if I am up by 4 winning trades.
For example: if my first candle is a losing candle but the next 5 candles are winners, then I will stop trading, since I will be up by 4 wins (5 wins - 1 loss = 4 wins).

Please follow, like and comment !

Trade active:

Red candle has formed, we will now place bets on 10 consecutive candles that they will be red.

Trade closed: target reached:

So, as per our rules, I made 10 bets, all of them on red candle and I had 6 winning trades and 4 losing trades. Since I get paid fixed 100% profit on winning trades, I made200% profit on my initial trade amount.