Still in Correction
After taking another look into start of Day 2, we have a continuation of correction into today.
For those who is familiar with Elliot Wave Theory, this would be a Zig Zig (5-3-5) Pattern.
Yesterdays, Triangle Patterns took nearly a whole day to complete, it wouldn't surprise me if the whole day does the same.
So I personally wouldn't trade unless you knew how to scalp, we wont be seeing any impulse waves until this consolidation is complete, probably 12 hours from now, lol.
Until then, trade with caution or don't trade at all.
Happy Hunting.
For those who is familiar with Elliot Wave Theory, this would be a Zig Zig (5-3-5) Pattern.
Yesterdays, Triangle Patterns took nearly a whole day to complete, it wouldn't surprise me if the whole day does the same.
So I personally wouldn't trade unless you knew how to scalp, we wont be seeing any impulse waves until this consolidation is complete, probably 12 hours from now, lol.
Until then, trade with caution or don't trade at all.
Happy Hunting.
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