There is positive expected value for longs right now. We have confluence with the 8EMA and Elliott Wave Theory. There is around 65% chance to form an equal leg or even hit the 1.618 Level. Even if we come out with a loss at the end The Expected Value Formula will work for us in the long run(isn't that what matters most)
Comment:
This idea is no longer valid, there is something else going on. Be cautious.