Comments on the chart. If this idea proves correct and a 5 wave down move happens then we should have a 3 wave retracement which should lead to a much bigger downmove.
Comment:
Price fell hard today and stopped right on the wave 3 low. I am looking for a bit of a bounce before a slice through the said support area. Still bearish...
Comment:
more falls in price today. The idea is working out well
Comment:
price continues to fall. I am now looking for a small bounce to relieve the selling pressure. We are still going to 19 (basis the futures) imho
Trade closed: target reached:
Target reached. Price is still bearish and I believe 18 might be on the cards