NEOUSD 15MIN - Going long on the dip?

If we had got 5 waves, buy the dip BUT
the sharp move in Asia was corrective and if it can go higher from current level, this is no setup. Patience...

Kommentera:

Do i have any regrets here? Absolutely none! We just made a new low at 44.16 and the move higher to 57.50 was 3 waves (corrective) and the pull back was a truncated 3 waves. That is a lot to anticipate new highs ...
So, no active trade in NEOUSD but daily with small position at 48.81 (stop raised now below 44.16:
1h bearish
4h bearish but reached equal leg wave 1 = wave 5 of the C leg of the FLAT (not the best to buy)
daily did not reach equal leg area but 61.8%-78.4% extension