The market is doing an extended wave -3 - probably to fill the gap on charts to $40-$42 Always buy the small support ledge that forms between <38.2%-61.8%> pending every minor motive wave that extends on the 1hr chart (can be Elliot detailed on the 15 min) Accumulate to close all at $40 Currently compile 1/2 contract longs at:- 10k $36.10 10k $36.05 10k $36.00 10k $35.95 10k $35.90 10k $35.85
SL / Hedge at $ 34.50 (-$1.5 away on average). TP @ ($4 on average)
Take Care & Stay Safe.
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all filled at $ 35.98 average. Bring TP down to $38.50
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Take SL to break entry + comm (on average ~ $36.04) Add 1/2 contract longs to following accumulation 10k @ $36.90 10k@ $36.80 10k @ 36.70 10k @ 36.65 10k @ 36.60 Target for all holdings $38.95
Take Care & Stay Safe
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SL hit on longs averaging $35.98 at break even + comm limit longs between <$36.9-->$36.6> filled to an average $ 36.73 Close all longs @ market - Currently at $ 36.75 = break even or small minimal loss on commissions. It seems that the max swing to take profits on intra-week is between $1.5-$2.0, higher targets ($40 would be monthly, & require taking more risk on the position Will stand down for better levels to long short in current correction.