Well, we obviously finished the 4th wave where it stopped me and working on the fifth in this proposed count.
Target party for the 3rd of the 5th with some fib pulls. I can pull at least two more but it would be unreadable.
In this projected road I can't be sure where the fifth will land but a parity or 127% of the one makes sense which is not charted but a second algo target, a 261.8% and a 200% are probable targets for the impulsive end. We can play a short from there but it's always risky catching the counter trend. The best bet is to catch the B to the C and then a long when we get there.
IMPORTANT! This setup is my own count.
First this is what I can come up with as my primary count.
Second there are other counts that can play still valid.
Third No matter if Im wrong or right, TRADING IS A MATTER OF PROBABILITIES. WE GET STOPPED 4-5 TIMES OUT OF 10.
Sometimes you are wrong, sometimes you are right. Winning is discipline taking little losses and winning big when you get it right.
Sometimes low percentage probabilities happen and really often we get the count wrong.
I read a lot of hate to traders publishing so I wanted to say this. Don't rush putting a ticket on someone. We are here to help.
Good luck!
Target party for the 3rd of the 5th with some fib pulls. I can pull at least two more but it would be unreadable.
In this projected road I can't be sure where the fifth will land but a parity or 127% of the one makes sense which is not charted but a second algo target, a 261.8% and a 200% are probable targets for the impulsive end. We can play a short from there but it's always risky catching the counter trend. The best bet is to catch the B to the C and then a long when we get there.
IMPORTANT! This setup is my own count.
First this is what I can come up with as my primary count.
Second there are other counts that can play still valid.
Third No matter if Im wrong or right, TRADING IS A MATTER OF PROBABILITIES. WE GET STOPPED 4-5 TIMES OUT OF 10.
Sometimes you are wrong, sometimes you are right. Winning is discipline taking little losses and winning big when you get it right.
Sometimes low percentage probabilities happen and really often we get the count wrong.
I read a lot of hate to traders publishing so I wanted to say this. Don't rush putting a ticket on someone. We are here to help.
Good luck!
Comment:
Although long is the better odds setup, I have the gut feeling for a short, with ETH and other majors showing bearish divergence. So I'm going short :D