looking to exit my short soon. however it just broke trend and could very well travel down much further, so i will keep a little in long term. waiting for bullish divergent angulated away from the alligator, once that occurs i will then go bullish (provided it makes sense) strong price bars downwards atm, should hit TP much sooner than expected.
Looks like its currently on wave 5 of 3.. looking for entry for quick short, might get long again soon after. havent entered yet due to the strength of the last few bars. will wait for bearish divergent on 15+ min timeframe before entering.
Strong Short. Just completed C wave on 4h chart, and Had a strong wave 1 with Wave 2 retracing right around fib level 0.50. Several Bearish Divergents, As well as an AO divergent, Red bar showing up on the AO. Entered Short.
I think regardless of whether this push up to break the previous channel was a wave A or wave 1, I think we can all agree it should have at least one more push up. I am being conservative and having my TP set at fib level 0.618, just to play it safe. wave B just bounced right off fib level 0.50, bullish divergence as well.
;) (Forgot to mention but currently bouncing off the 0.236 fib)
Waiting on Fractal break on 1h. Already Bearish Divergent. Have to be careful because price wants to push up, and we are looking to trade the pullback. DONT ENTER UNTIL FRACTAL BREAK