5 waves up is about the only thing that is clear atm. How that fits into the larger degree is VERY debatable. However, extremely overlapping price action suggests the probabilities lie with one more upside swing before the larger downward trend resumes. For now, a clear long entry trigger from the candlesticks would build a little confidence and define the lowest risk. Not that eager to try for a long, especially on an FOMC day, but, I'm already salivating for the short should it materialize.
Comments
dojitrader
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Price action has me thinking I've been left at the station
waiting for a better price. In any event lower prices from here
would cloud the labeling for a buy opportunity and increase
the probabilities of a break below the trend line. Thus, I'm only
looking for the sell side should prices reach 137.65 area.
waiting for a better price. In any event lower prices from here
would cloud the labeling for a buy opportunity and increase
the probabilities of a break below the trend line. Thus, I'm only
looking for the sell side should prices reach 137.65 area.