Those shorts trapped may still have hope and as we continue our trending impulsion to the downside...
Whilst shorts got emotional and cried Longs laughed.. (me too).. But did those long laugh to hard and act out of greed?? Or were they mistake that after completing the triangle there would be an x-wave which would link on to an Impulsion downward!??
We shall see.. Stranded shorts we are sending reinforcements longs get out it's your last chance!
Remember this idea is based of my analysis solely which is EW using the Neely method and I do not invite actual orders based solely of the information I provide... It's just my perspective ;)...
I will then look to take profit @ 144.230, 144.730, 143.116.
Rem this will only lead onto a wave 4 correction which will be of larger complexity so I will look to scalp the retracements there and prepare for thewave-5 finale and so on..
The current 1.618% target is only a guide given current circumstances but this wave 3 could extend as far as 2.618!!
Still braced for entry... I am still looking at an order being activated as mentioned above.. Notice the indicators preparing for a downside surge.. Fingers crossed this is all we will need now to turn this over..