Looks like a good place to sell high...a bearish Cypher and Bearish Bat with similar entry points. Waiting for indicator confluence and/or other confirmations is always a good idea.
Please realize this "wave count" is not very detail-oriented nor is it in sync with price action from prior to what is shown in the main idea...it is just an attempt to show I am looking for a last corrective wave before a larger bullish wave. Any feedback regarding this is appreciated!
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Maybe the longer term count can look like this...seems consistent with the count in the main idea. If you see any Elliot Wave rules I have violated please let me know!
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Watching this potential Bearish Bat...
Trade ist aktiv
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Go Bats
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Covered half of my position and holding the rest...the two bearish patterns in the main idea are still valid if the price rises instead of falls further
Trade geschlossen: Ziel wurde erreicht
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TP2 hit after NFP. Now waiting for retrace...BAMM set-up?