After a reasonably impulsive looking rise, price action since has been extremely corrective
and overlapping which makes me still look for a 2nd wave bottom. 2nd waves are often
likely to retrace very deeply as the sentiment of the previous move is " disbelief".
The question now ? Will the trend line or the 3rd green price range stop/reverse
this trend I'll be watching the candlesticks for a trigger too/before I place an order.
Stops should probably go below the wave 1 lows at the end of Oct.
and overlapping which makes me still look for a 2nd wave bottom. 2nd waves are often
likely to retrace very deeply as the sentiment of the previous move is " disbelief".
The question now ? Will the trend line or the 3rd green price range stop/reverse
this trend I'll be watching the candlesticks for a trigger too/before I place an order.
Stops should probably go below the wave 1 lows at the end of Oct.