Long set up killed buy a strong down move which also qualified 4071 high as Wave x. It means at least one more A-B-C move down. We almost or already saw Wave @ 23.8% retracement of Wave (b) target.
Once more stretched for Wave A. Current recovery hopeful for Wave B. But impossible to say it is over yet.
It looks we completed Wave 4 triangle so we can make our last trade of the day. R:R 2 & target is around 1180
I little adjusted current count because Wave of Wave is misjudged by me and it is longer than expected. My best candidate for Wave top is ~1.1300 which is 58.6% wave v extension, 150% wave extension and 316.8% Wave extension.
We saw perfect A-B-C move to upside. I think we saw wave b. So we can short from here. Ok! Risk reward ratio 11! worth trying.
It looks we completed Wave (b) and already seen Wave i, ii and Wave -a- of Wave -i- of Wave a of Wave c. So big rally is coming and risk is only ~50 points. Good bet.
Our bet looks good. We can move our stop to BE now. TP 87.56.
As i see we have completed Wave of Wave C of Wave 4. So now we have good risk reward ratio for shorting. Odds are not bad.
No big change until last update. We saw little recovery for Wave B and it is impossible to know how deep it will be.
Wave (iv) fell very short and completed in a short period of time. So some problems with alternation to keep in mind. So 2.3156 is in scope now.
We saw a five waves rally from 4004 which is Wave a and some retracement which is wave b. We we complete Wave (probably around 4090) it will be potential Wave i of Wave (c). It is some early for a trade set up.
Nothing new. Waiting for a retracement below 1.11 for Wave