Blue Wave 5 of Wave C of Larger Wave 2 Now In Progress - Follow these waves precisely if you want to short.
This is not a short trade idea, this is analysis that will lead to me posting a short trade idea when the time comes, be patient.
See my related ideas below to see how we got here.
It looks like Blue Wave 4 just finished so now we are going to make one final high for Blue Wave 5 and then we need to see a break of the Magenta line to confirm Wave C is complete.
Once the Magenta line has broken you can either immediately place a short trade or wait for a correction to form.
I know the Blue Wave 4 correction looks weird but its valid. If reading the waves was easy then everyone would be a millionaire.
When I post the short trade idea for this I will wait for the correction to form after the break of the Magenta line for maximum safety and entry point.
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