Short from last high (and completed bat see linked idea), which was possibly the end of an X wave.
New impulse wave count up was negated by PA retracing beyond wave 1 high, so still corrective...
Tradeplan: trade the Y wave (or at least try to...)
1) LONG: A wave could be close to completion with approaching trendlines..., so I will go long at trendline re-test
2) SHORT: Try to short B wave end at popular retracement (61.8%) for a 'killer' C wave...
3) LONG: At end of C wave, looking for fib and trendline confluence, either back to broken trendline or to popular retracement level
Watch out for possible bullish butterfly lower down... (not perfect 0.786 B though, but close at 0.766...).
New impulse wave count up was negated by PA retracing beyond wave 1 high, so still corrective...
Tradeplan: trade the Y wave (or at least try to...)
1) LONG: A wave could be close to completion with approaching trendlines..., so I will go long at trendline re-test
2) SHORT: Try to short B wave end at popular retracement (61.8%) for a 'killer' C wave...
3) LONG: At end of C wave, looking for fib and trendline confluence, either back to broken trendline or to popular retracement level
Watch out for possible bullish butterfly lower down... (not perfect 0.786 B though, but close at 0.766...).
