That complicated long move up to this top was a wave B in my wave count. That means that this drop should be a wave C. If you know anything about wave counting, then you know that the wave c's are the corrective equivalent of impulsive wave 3's. Which means if I am correct, we should see a powerful impulsive drop.
There is a POTENTIAL that is now in play here. We took this trade due to the completion of the ED and also wave count but we are by default also trading the CD leg of that . The isn't the reason for the trade though. But because it is there, if and when prices reach the completion, we will be looking to take profits. That will be worth over +290 pips move down.
If you want to get in on this trade, wait for a pullback.
If you had been a subscriber of my site, you would already be in this trade and already up +100 pips. Just one trade like this and it already pays for the subscription fee and then some! But we have these kinds of trades happen ALL THE TIME! If you are not a subscriber, you are missing out! We recently closed our GOLD trade (documented here in Tradingview) and pocketed over +1100 pips! That's over $11,000! On ONE trade! We had some trades that we closed out for even MORE pips than that Gold trade! Join us and you can bank pips with us! There are some GREAT trade setups that we are looking out for that will be here soon! Don't miss them! They won't be posted here. Join us. Subscribe here. 50% trial subscriptions still available: Click Here
Please keep in mind that I am not giving any trading signals or trade calls 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 or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. 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!
THINK before you comment! It takes MUCH work and time to create these posts! So before you decide to criticize me for what I post, or how I choose to post, remember that I don't just throw a chart up with a few lines on it with a few arrows showing 2 possible directions and that's it. I can do those in 5 mins. My charts take MUCH effort and I put much detail into creating them for your benefit. I hope it helps but I also hope it's appreciated!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
Sign up to mailing list: http://bit.ly/2iNieEY
Facebook Group: https://www.facebook.com/efxselect
Website: http://www.efxselect.com to subscribe
Join my Skype chat room! It's FREE (requires registration): Skype link: https://goo.gl/2fwvsa
Documented Trade Log here: http://bit.ly/29AeqnC