Since ATH we have had a decent correction and now we seems to be in a choppy session. In a choppy session only smaller timeframes provide better trading setups. If you try to anticipated big moves you will likely be chopped.
Now see pics for some more insights-
Some elliot wave counts :- Red one is alternate.
looks like we have completed W as a zigzag in the channel. Now we are making an X wave. 1:1 a=c makes strong case for a zigzag. We can get triangle or any other corrective pattern as an X. Like i mentioned above key is to catch the small moves with leverage with proper risk management.
Now see pics for some more insights-
Some elliot wave counts :- Red one is alternate.
looks like we have completed W as a zigzag in the channel. Now we are making an X wave. 1:1 a=c makes strong case for a zigzag. We can get triangle or any other corrective pattern as an X. Like i mentioned above key is to catch the small moves with leverage with proper risk management.
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The Blue arrow is for alternate in case we making a massive 3rd wave for a crash.
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Stop loss modified
Trade stängt: Stopp nått:
Stopped out at a small loss
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Head and shoulders inverted. Perhaps a flat in progress
Order avbruten
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Maybe making a diagonal ?
Trade stängt: målet nått