AT&T impulse wave C up for decline in larger structure

Sep 23, 2016

The previous short I was looking for on a break below the ascending triangle trendline never triggered.
The price structure is still a triangle and I put probabilities on what was originally my alternate count.

So A-TriangleB-C up into 41.50 - 41.80.
5 waves into wave C with divergence into the wave (v) of C.
Arithmetic symmetry is at 41.80 for throw-over, trendline is near 41.50.
Triggering short on a strong bear move back below 41.23 ascending Grey trendline.
Stops are even handle behind wherever the C wave high comes in. Maybe 41.91
And then anticipated tradeable Bear move into 38.70.

Sep 28, 2016

Note

Gap down this morning and triggered short at a crummy price, quite a bit lower than I would've like to have been filled. Oh well.

Oct 6, 2016

Note

Stop to Break even yesterday.
Based on the 4hour oscillator pattern and smaller fractal corrections in the decline, I am revising my target lower into Fib support cluster at 37.68.
There's also a lower support cluster at 36.84.
Depending on the hourly count down, I will take half off at 37.68 and trail into 2nd target.

Oct 10, 2016

Trade closed: target reached

Target hit for me on the spike down and I'm flat.
But given the very symmetric previous corrections, and clear Corrective character of the current hourly price action over the past 3 trading days, I do believe T is headed lower, perhaps down into 36.15 with a caution Fib cluster support at 36.84.