The stated title are very good questions. The market is particularly volatile right now due to traders fighting on if the beginning of Super Cycle Wave 4 started vs Cycle Wave 5 starting. Times such as these are why it is very important to use stops with your trades. Positions can be evaporated overnight if not careful. Counts WILL become invalidated and you nor I are immune to that. That's why you should always be looking at alternative counts.
This count invalidates @ $27.85. If price drops below this point we are either still in sub-wave 2 or headed even lower in which I'll need to revisit the count.
My primary count is we are done with sub-wave 2 of wave 1 and starting sub-wave 3. I labeled an obvious 5 Wave impulse up followed by what looks like an ABC zig zag forming. I also marked where it will most likely end. If this is correct it means we should be starting micro-wave 3 soon and price will be rising quickly. Wave 3 is always the most powerful of the 5 waves.
Good luck all,
--Tylrr
This count invalidates @ $27.85. If price drops below this point we are either still in sub-wave 2 or headed even lower in which I'll need to revisit the count.
My primary count is we are done with sub-wave 2 of wave 1 and starting sub-wave 3. I labeled an obvious 5 Wave impulse up followed by what looks like an ABC zig zag forming. I also marked where it will most likely end. If this is correct it means we should be starting micro-wave 3 soon and price will be rising quickly. Wave 3 is always the most powerful of the 5 waves.
Good luck all,
--Tylrr
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler