Which Correction Is Correct ???
It's a messy 3rd wave up -- the kind
you're more likely to see in an A wave,
I think, but, it offers a chance to go long
on the corrective retrace:
assuming it is in 3 basic waves.
Probably a 3-3-3- flat or maybe
a 5-3-5 zig zag.
OR the whole thing might just fall apart.
As always the candlesticks may yield
more light on the trigger to enter or not.
Pretty good R and R a plus.
you're more likely to see in an A wave,
I think, but, it offers a chance to go long
on the corrective retrace:
assuming it is in 3 basic waves.
Probably a 3-3-3- flat or maybe
a 5-3-5 zig zag.
OR the whole thing might just fall apart.
As always the candlesticks may yield
more light on the trigger to enter or not.
Pretty good R and R a plus.
כתב ויתור
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