Market is to reach -27.00% or -61.80% aka E wave. From there i wish to see an impulse that will break the yellow structure and then consolidate as a downward flag.
Only after the downward flag structure is breached i will engage is a Long.
Why to wait so long?;
1 ) I have no idea where is the bottom, and i am not going to try to catch it.
2) structure might be wrong (either my counting of the ABCDE structure or the structure type; WXYXZ, 12345, or any other).
3) If the chart is proving my forecast my percentage to trade is successfully will become higher.
Any EW or Trade waving comments are more then welcome:)