(X) wave triangle may be forming..small pop to complete black dwave then drop for e to complete (X) then huge pop again TO COMPETE THE (Y) WAVE..notice how all subwaves of the triangle are 3 wave structures(green).Leading diags are in green; ending diags in red. FXE options are a way to go if u dont like the currencies ..wait for e to end then sell put spread at that 107 or 108 strike!
Can you show the larger wave-count? Also, how much room do you give before you stop out? Can you label more info for us?
chessnut
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Triple combinations often end in a triangle like this
It makes a nice count in respect to alternation, we have a flat, a zigzag and a triangle. stop Out would depend on entry but easy to figure out in terms of the triange.
rick.alter.35
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Yes chess nut ! but it this is a double combo not triple ..triple would be w-x-y-xx-z..thos may turn into a triple if we dont get an impulse after the double is over
chessnut
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I have labelled my count linked above as a triple w-x-y-x-z I think it fits fairly well. I think there is some doubt of the validity of wave c if counted as a double zigzag while its certainly plausible plausible enough.
rick.alter.35
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gimme a sec tim ill post that for ya!
rick.alter.35
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chessnut
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I also thought about a triple combination where a=w, c=y, a2 = x and then potentially a triangle forming here.