This is my roadmap for short/medium term. I finally solved this. Everything just adds up.
I havent changed by bearish view and 4k target but in perspective of trading it dont matter whether we go there or not.
Roadmap:
1. 8350-8450 move to long/buy
2. 9800-9900 Back to short/sell
I havent changed by bearish view and 4k target but in perspective of trading it dont matter whether we go there or not.
Roadmap:
1. 8350-8450 move to long/buy
2. 9800-9900 Back to short/sell
Comment:
And my short position is active until 8450 area.
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Just be patient. Before we go under 8500 well make small move just above 9k. This will happen very "soon". This not fast trading and can take time to get positions filled.
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Update:
I will close my short at 8550 when we get there. Unnecessary to risk further. After that we start wave number 5 which will hit 9900 if we are bullish and will be trunkated before 9500 if trend will change back to bear.
I will not move to long automatically after closing short at 8550. Have to get a signal. Remember that 5th wave can trunkate at any point theoretically.
I havent changed my bearish view but it wont affect the way im trading but i definately will have very tight SL
I will close my short at 8550 when we get there. Unnecessary to risk further. After that we start wave number 5 which will hit 9900 if we are bullish and will be trunkated before 9500 if trend will change back to bear.
I will not move to long automatically after closing short at 8550. Have to get a signal. Remember that 5th wave can trunkate at any point theoretically.
I havent changed my bearish view but it wont affect the way im trading but i definately will have very tight SL
Comment:
So my count failed. Actually the count didnt't fail. I failed which is worse. I was 2 days behind. We already corrected the 3rd wave 25.4. So we are currently on the 5th wave which should not be extended as 3rd was. So it should be approximately 1:1 to 1st wave. Then the target will be over 10400. If we for some reason wont break 10k and start retracing heavily before that, its a one sign for trend reversal. We shall see. Im still holding on my short position. You can call it stupid but im in no hurry and in either case i will have the possibility to cash it out with profit.
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And back to original count. Now it seems that i didnt fail. Im still in short position until 8550 but let's see how this goes
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Still perfectly on schedule. As i said in my last post, forget the update where i said i failed. I didnt. So still aiming to get my short position cashed out 8550. After that i will enter long until i get clear signal for it