Left hand Count: As I have mentioned before, I do not favor Triangles because they are rare and they imply the bullish trend is coming to an end. In the case of this count it is under developed but still valid so we will keep it here for consideration.
Right Hand count: Wave C in flat type correction usually have strong momentum, so this slow trickle down that has happened over the past day is not the most convincing move for me. This is a rare point in a Elliott Wave Count where there are not much trading opportunities, because it is quite risky to put on a trade when we are unsure of the type of correction that is unfolding. I am still looking for a drop for this wave C so i can get a fantastic entry for the next bull run. But I am unsure if that entry will come this week or next.
Do not force trades, if your hands are itching to be in a trade look at another chart with an obvious pattern. It is not hard to make money trading, the difference between winners and losers are the ones who can keep the money earned. Good luck guys.
Right Hand count: Wave C in flat type correction usually have strong momentum, so this slow trickle down that has happened over the past day is not the most convincing move for me. This is a rare point in a Elliott Wave Count where there are not much trading opportunities, because it is quite risky to put on a trade when we are unsure of the type of correction that is unfolding. I am still looking for a drop for this wave C so i can get a fantastic entry for the next bull run. But I am unsure if that entry will come this week or next.
Do not force trades, if your hands are itching to be in a trade look at another chart with an obvious pattern. It is not hard to make money trading, the difference between winners and losers are the ones who can keep the money earned. Good luck guys.