Although I didn't post the actual trade since this was a trade I had given to my members, and it has already hit it's TP1 for a +126*2 pip gain (+252 pips) since I have closed 50% of my positions when it hit the TP1.
The point I'm making is not that I made pips and that my predictions were correct. The point is that because prices have moved according to my prediction, it leads me to believe that my wave count is correct. More so now that prices bounced right off that bottom TL of that barrier triangle that is forming. I am expecting that prices will now head back up to the descending TL and if that holds, then prices will descend back down in a leg E and should break through that lower TL and head on down. At least that is what I am seeing should happen.
This does not mean I am right and the market will act as it will regardless of what I say it will do.
MY TRADE PLAN
At the time of this post, I am still holding the other 50% of my trade positions SHORT. However, that may change and I may close those positions should I see PA. I'll look for another SHORT opportunity when prices reach that upper TL and completes leg E.
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