What you see here is a Adam and Eve patten with a Elliot Wave count.
3 Trade to be taken:
Wave: 2 Long: Wait on entry below current price: $142 to take profit on around $187.
Wave 3 short: This one will be a short because of the Grab Harmonic. This short is risky due the Adam and Eve pattern. Entry short should be around $190.
Wave 4: Long: Wait for the pullback of wave 3 for a entry on around $160 and aim for the target 5 which could be around $200 - $216.
Wave 5: Short: Between $200 - $216 is a big resistance. Together with the wave 5 confluence for a correction wave it's a good opportunity for a short trade. Target should be $160.
You shouldn’t short at all once this bounces with a pattern as good as this it will have similar price action to early day Bitcoin small drawn out selling with large green candles to continuously make new highs and then create a new market cycle
Chahin073
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@hootontanner, Forget this idea. It’s one of my worst setup.