As I've mentioned in my previous post, YETI is currently undergoing a 4th wave which I've expected to be complete by the ER date. This means that on the day of the ER the 5th wave upwards will begin, leading me to believe that it will be a perfect opportunity to long.
Now as the 4th wave has continued to developed, I believe that the 4th wave is actually an abcde correction rather than an abc, in this case it's a contracting triangle. Subwaves are 3-3-3-3-3.
It seems that the triangle should be done right before the ER is released. If it isn't completed then I would not try and long. ER always jumps in the direction of your wave, or next wave if one has just been completed.
Don't take this advice too seriously, just posting for fun.
Now as the 4th wave has continued to developed, I believe that the 4th wave is actually an abcde correction rather than an abc, in this case it's a contracting triangle. Subwaves are 3-3-3-3-3.
It seems that the triangle should be done right before the ER is released. If it isn't completed then I would not try and long. ER always jumps in the direction of your wave, or next wave if one has just been completed.
Don't take this advice too seriously, just posting for fun.
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UPDATE: July 31, contracting triangle is playing out nicely. Expect wave e to be completed by eod. ER is released tomorrow morning before opening. If wave e completes today and follows triangle rules, go long eod.
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Triangle no longer valid: 2nd possibility
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ANOTHER ALTERNATIVE:
