A 7 wave double would be ideal at the top of the channel. Even if the correction continues the probabilities indicate some kind of downside before this corrective price action becomes more complex. A clear 5 waves of C would create more confidence in the signal for a short ~~~~ Of course, almost nothing is so simple or so clear and perfect, so, I'm wondering what will make me question this analysis and test my psychology.
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dojitrader
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It's amazing how this set up was clear as a wilderness lake - until ----
I noticed. Since then this has become as clear as the air in Beijing China.
However, I'm still anticipating a chance to sell the top trend line for
a channel trade back down.
I noticed. Since then this has become as clear as the air in Beijing China.
However, I'm still anticipating a chance to sell the top trend line for
a channel trade back down.