IT"S NOT OVER YET - POUND IF_THEN_SHORT
~~ as anticipated in my idea last Sunday titled "Be greedy when every one is fearful" wave 3 of 5 is an extended one. (please see related ideas)
~~ in my last idea If-Then_short (please see related ideas) I failed to take a new short as wave 4 of 3 ended before it started and I failed to recognize the nature of wave 4 and 5 of three, but that is fine as long the big picture is still intact. so this is a second attempt.
~~ now wave 5 of 3 looks like and ending diagonal (unfolding) (yellow).
~~ the whole wave 5 might also be and ending diagonal (blue violet)
~~ NON of this, is CONFIRMED yet, both structures need one more touch-bounce to be trade-able.
~~ the best way to trade this situation is IF_THEN approach, let the market make it's first move and based on that we decide. if structure collapse we re-evaluate,
~~ good luck and I'll try to update the count if it collapse.
~~ in my last idea If-Then_short (please see related ideas) I failed to take a new short as wave 4 of 3 ended before it started and I failed to recognize the nature of wave 4 and 5 of three, but that is fine as long the big picture is still intact. so this is a second attempt.
~~ now wave 5 of 3 looks like and ending diagonal (unfolding) (yellow).
~~ the whole wave 5 might also be and ending diagonal (blue violet)
~~ NON of this, is CONFIRMED yet, both structures need one more touch-bounce to be trade-able.
~~ the best way to trade this situation is IF_THEN approach, let the market make it's first move and based on that we decide. if structure collapse we re-evaluate,
~~ good luck and I'll try to update the count if it collapse.
Comment:
watch 1.417- 1.418 for PA - please see chart
