This is playing out pretty nice. We saw first down to demand and saw a bounce back up to the 786 retrace making a lower high (some confirmation of being in corrective phase). Now if that was wave (b), we should see 5 waves down for (c). Overall, a typical wave iii retrace is between .236 and .382 (my blue fib lines). These happen to be in somewhat good alignment with a typical a - b - c projection with c ending between 1x to 1.272x wave a. To add more alignment, we can see there are two good demand zones where all of these projections come together!
I don’t like to trade retrace, but if you want to do a small risk I would look to enter a short as it looks like we are creating a wave 1 - 2 down. For me, I’ll be watching for completion of wave c down, specifically will look for a 1 - 2 wave base to build coming out of a demand zone indicating the beginning of a 5 wave impulse up for overall wave “v”.
I don’t like to trade retrace, but if you want to do a small risk I would look to enter a short as it looks like we are creating a wave 1 - 2 down. For me, I’ll be watching for completion of wave c down, specifically will look for a 1 - 2 wave base to build coming out of a demand zone indicating the beginning of a 5 wave impulse up for overall wave “v”.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.