In our first post about this index we explained our general view. Here is the wolfe wave and the micro count. We will observe and update about the price action to assess probabilities of the scenarios outlined in the first post. We are either in a wave 3 and we will go for a lower low, or in a wave c of B of an ABC to the upside. In both case we believe that we will visit 3600 area, which is the target of our short position.
Comment:
Stop loss on average entry @3925. We go risk free
Trade active:
Restriked 2 short position 3931.3. Stop loss 3952 risk 0.8% of equity.
Trade active:
volume cluster, extending stop loss to 3957.1 for a risk of 1% of Equity
Trade closed: stop reached:
loss 1%
Added a short position at 3910. Now our average entry is 3925. Stop loss 3952 risk 1% of equity.