waiting for 4th wave to finalize.

CME_MINI:ES1!   S&P 500 E-mini Futures
After the 5th wave of the C wave, expect a fast and big drop. but wait to see for a reversal pattern.

here is a cheat sheet to use.
Trade active:
Trade active: hmm 4th was shorter than I expected, lets wait and see.

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Fall FAll FALLL!!!!
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Comment: oops sorry posted wrong chart

Trade active: good bye...
Comment: do not short at 2729 still possibility at 2735.50 looks like it retracing to the 68.8% fib range and its coming to be the same length of wave 1.
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so my original end final number for wave five 2727 is proving to be a strong support lets see how this roles out.

Comment: sorry meant resistance :/
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Don’t know... doesn’t feel like a ABC correction anymore... I feel it’s turning out to be a triangle correction.
target 1 reached.
Agreed. But my target is 2718.50 to finish wave the 5th wave of wave C.
awgal AhilanThurairajah28
@AhilanThurairajah28, yeah i had the same target initially but it looks like it was an extended 3rd wave, so either a failed 5th wave or a high to 2727-2729, either way shorting once target is reached would be an amazing opportunity that happens once in a while :D.
awgal AhilanThurairajah28
@AhilanThurairajah28, your right 2718.50 might be the end :D 4th was way shorter and doubt that 2733 would be touched...
@awgal, Looks like the show is over at 2721.25.
If so, you hot the target right on.
awgal AhilanThurairajah28
@AhilanThurairajah28, still not too confident to enter now. need to see it drop below 2711.
@awgal, It is possible that 2721.25 is the end of wave 3. So far the downtrend looks like a correction. In this case, another leg is possible.
awgal AhilanThurairajah28
@AhilanThurairajah28, I think the 4th wave might have just ended at 2708.
awgal AhilanThurairajah28
@AhilanThurairajah28, I think it might actually go to 2735 range.
@awgal, I think 2,727.50 looks like the target already reached.

You may wait for few minutes to see a minor 5 waves down is forming or it breaks the channel.
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