Recent PA also invalidated the POTENTIAL I had drawn before (I removed it now but if you want to see it, see my posts in Related Ideas section). The perfect is still valid and I've added an alternate .886 D point for the . To which prices have already hit. As can be seen here, .886 point is also the top of the trend channel prices are in. With the .886 D point and the top of the trend channel confluence, this could signal the beginning of the wave (ii) retracement I'm looking for.
I was already SHORT from the perfect D point at .786 and since prices as it is are well within the PRZ of that , I am holding onto those SHORT positions anticipating a move down. I have actually added another SHORT position at the .886 D point and channel top.
Please keep in mind that I am not giving any trading signals here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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Agree or disagree. Good luck!
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