Hi
So i update my last prediction which im currently still trading and still in that same short position. Make a note that my Elliot wave count is still the same as it was 26.4. Major difference is the target for this 4th wave to end. I will close my short position at 8650 and wait for signal to go long after that. One must always remember that 5th wave is a possible trunker.
I have seen many versions of this where people are seeing us in 5th wave all ready. I was almost seeing that too when i posted an update to my last Idea in 26.4 and said that i failed in my count. Well not long after that i came to my senses and calmed my self :). I dont see that it is possible that we are in 5th wave now. One major thing is that we have been in a bearflag since yesterday (red) and when that breaks (and it will) the retracement following that whill annihilite the idea of this being the 5th wave. That 5th wave is still there to come but first we have to go to 8650 levels so i can cash out my short position :).
Now where does that 5th wave hit. It should hit atleast 9900 or at it's highest 10800. Be very aware that 5th wave can trunkate and that's a very powerful sign that the bears are waken up.
So, my plan is to cash that short at 8650 with very small profit. But profit is profit. Then i evaluate the situation again and decide when to enter long.
Feel free to give comments
So i update my last prediction which im currently still trading and still in that same short position. Make a note that my Elliot wave count is still the same as it was 26.4. Major difference is the target for this 4th wave to end. I will close my short position at 8650 and wait for signal to go long after that. One must always remember that 5th wave is a possible trunker.
I have seen many versions of this where people are seeing us in 5th wave all ready. I was almost seeing that too when i posted an update to my last Idea in 26.4 and said that i failed in my count. Well not long after that i came to my senses and calmed my self :). I dont see that it is possible that we are in 5th wave now. One major thing is that we have been in a bearflag since yesterday (red) and when that breaks (and it will) the retracement following that whill annihilite the idea of this being the 5th wave. That 5th wave is still there to come but first we have to go to 8650 levels so i can cash out my short position :).
Now where does that 5th wave hit. It should hit atleast 9900 or at it's highest 10800. Be very aware that 5th wave can trunkate and that's a very powerful sign that the bears are waken up.
So, my plan is to cash that short at 8650 with very small profit. But profit is profit. Then i evaluate the situation again and decide when to enter long.
Feel free to give comments
Comment:
Closed my short. Now im awaiting to re-entry. Going long 9400 or short again below 8800