- Buy level are blue boxes, open for long as we expect upward correction in downward trend. - Close our long positions at green boxes. I wouldn't go for .786 because it is too risky. If it hits I will open leverage short. - After that, assuming things go to plan, we go down with previous targets remaining valid.
*I might be updating more short term targets. *Trade at your own risk. Before reading this update please read the previous update "The waves. Share your opinions." So you know what wave we are currently in.
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^HA! As soon as I posted the wave got invalidated! Previous update invalid!
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Initial post valid, we have a position.
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Those who filled our sell orders clearly don't even know what trend we are in. They are screwed. For the moment at least.
Of course, there may be a miracle rally on this candle stick. unlikely though.
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This is another way of drawing I mentioned in my video. It depends on where you put your wave one (or A).
Again, like I said, this will be valid if we pass 1.7
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A bullish view. Market is moving sideways, wait and see.
I just realized my screen recorder wasn't on... i will do it again
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can't seem to make the recorder work, I just made another post on TV, hope that helps.
Trade closed: target reached
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I find bear markets are a lot easier to day trade. I think people always panic faster than they rally.
This correction period is going to last a while, if you don't know how to short- LEARN IT.
It's like saying you know how to turn right but not left, or you can only climb downstairs but not upstairs. You're missing half the profitability. Just think how much profit you would have missed out if you didn't know how to open long positions during our last bull run in december? You're missing out if you don't short in a bear market!
Find an exchange that offers margin shorts, or else you'll have a very bad time playing.