Counting the waves in a downtrend and trying to identify the reversal zone of the C-leg. Shorting when the .618 retracement is hit. Stops just above previous resistance levels. Targets at the base of the B-leg
Let's se what happens :)
Comments
Lingan
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Stopped out
Lingan
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Count might still be valid though. I personally am not interested in taking the short due to the broken .618 retracement and the broken minor support levels marked on the chart :)
Lingan
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Looking back to February there might be a major support level at 175.662. Might be an idea to have a 2 targets, one at 175.662 and one at the 174.870 level to lock in some profit if the support holds