We're now getting into the target box for purple b. To me this move down reeks of a c wave. If this is a c wave...we may not get down to my primary target of sub 3788. To get down to sub 3788 we need a 5 wave move. Here's the micro of what I'm referring to.
www.tradingview.com/...ES-micro-1-18-23-EU/
As of right this minute, I have to classify this as a C wave down. However, if tonight or into tomorrow, we get a shallow retrace higher and OML...I'll have 5 clean waves down. Then that's a pattern that could reconcile in the sub 3788 area. If we trade above 3997 for any reason then that target will not happen. That's overlap.
So the retrace is of vital important to my trading strategy.
My shorts are up 90% in less than a week. Unfortunately I was only comfortable with getting off 10 contracts. If you did well today based on my updates, post in the comments...let me hear from you. I always enjoy reading the feedback (Good, Bad or Indifferent).
Best to all,
Chris
www.tradingview.com/...ES-micro-1-18-23-EU/
As of right this minute, I have to classify this as a C wave down. However, if tonight or into tomorrow, we get a shallow retrace higher and OML...I'll have 5 clean waves down. Then that's a pattern that could reconcile in the sub 3788 area. If we trade above 3997 for any reason then that target will not happen. That's overlap.
So the retrace is of vital important to my trading strategy.
My shorts are up 90% in less than a week. Unfortunately I was only comfortable with getting off 10 contracts. If you did well today based on my updates, post in the comments...let me hear from you. I always enjoy reading the feedback (Good, Bad or Indifferent).
Best to all,
Chris
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