just an idea from a unexperienced trader
structure down finished at this point ?
oversold now down to the 2 hour
hit the pivot at 4 hours
wave count seams reasonable since the count was anticipated even tho the target for going down wasnt as low as it went
chopping in and out of the waves required some babysitting
keep in mind im a noob and this is just a idea
if it turns out to be right ... im not great im just lucky and if you go long make ssure you got your plans when to exit voice you entered
if this goes further down i would be kinda suprised BUT prepared
structure down finished at this point ?
oversold now down to the 2 hour
hit the pivot at 4 hours
wave count seams reasonable since the count was anticipated even tho the target for going down wasnt as low as it went
chopping in and out of the waves required some babysitting
keep in mind im a noob and this is just a idea
if it turns out to be right ... im not great im just lucky and if you go long make ssure you got your plans when to exit voice you entered
if this goes further down i would be kinda suprised BUT prepared
Comment:
oh and for the low time frame count .. make this chart your own so you can zoom in to check the details
Comment:
so far the count is invalid due to the restriction of elliot wave theory but i wonder how far one can squish the theory down like this first wave was squishe due to the outside forces like weekend. the question of at what point it becomes invalid is define and already passed . i still see the idea of the next move up coming lower then first anticipated . at this point my targets if they come true it would be pure chance at this point (of course some day they might just get there and i can run around claiming there i said it but so far i dont see the upward wave doing what i thought would be mot proprably .. will try to get a fresh start and analyze the move down again from a blank view later on
