So I've overshoot, but I have an incredibly steep Target line.
Wave 4 retraces some which then gives me an alternative target line that's a bit more reasonable.
I wake up with a loss from the retracement over the night to point 5.
But my trend line is intact and I stay the course.
NOTE: In all of this I'm aware of Support and Resistance and trendlines. When there is confluence I can get a good night's sleep.
Now it comes off of point 5, but the consolidation worries me - I don't want to lose those profits - so I move to 15 min candles this AM (Africa time)
Go to Part IV and the end.
Wave 4 retraces some which then gives me an alternative target line that's a bit more reasonable.
I wake up with a loss from the retracement over the night to point 5.
But my trend line is intact and I stay the course.
NOTE: In all of this I'm aware of Support and Resistance and trendlines. When there is confluence I can get a good night's sleep.
Now it comes off of point 5, but the consolidation worries me - I don't want to lose those profits - so I move to 15 min candles this AM (Africa time)
Go to Part IV and the end.