I have the same question...buying at this level to then short from point B of the ABC correction down to 215 as per the previous post...is that the idea?
MagnusTradingGroup
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correct !
johnrfraser
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Woohoo! :-)
Once we get back up to high 200s how can we be sure that this hasn't just been a retrace running into a larger level 3 impulse upwards (ie why is this journey to 260 not wave 1 to 2, but the first leg of a deeper abc)?
Thanks a lot