I believe we are in an extended Wave 5 of Wave 3 of the first 5 wave down correction of leg A of a 5-3-5 ABC Correction before we begin Wave 5 of the larger 5 year Elliot Wave Count. Be very careful not to get caught up in any bad trades while we are in the B Leg of this ABC Correction. However, if you do get into a bad trade do not panic. Wave 5 will come so any...
This is not trading advice!!! Short-term Bearish... Downward B Leg of 3-3-5 Correction within Larger Upward B leg 5-3-5 Correction Mid-Term Bullish... Next Upward C Leg of 3-3-5 Correction within Larger Upward B Leg 5-3-5 Correction Long-term Bearish... Then Downward C Leg of Larger Downward 5-3-5 Correction... There are multitudes of possibilities inherently...
Posting this idea only to share with a friend.... Not trading advice!!!
I believe that we are currently in the downward C leg of a wave 4 correction... I expect it to be bearish short-term and bullish overall long-term... This is my first published idea and I do not have all of the tools down pat yet so its appearance may be rougher than expected. Feedback, thoughts, and/or advice is appreciated. This is not meant to be used as...