Happy trading
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DislikedHey guys, did i count this elliot wave correctly?? Need some input...
thx
http://1.bp.blogspot.com/_7snXyA5aQb...0/untitled.JPGIgnored
DislikedI'm no expert, yet, but I have it counted the same as you and short at roughly the same level as you.
Now management - how do you plan to manage the trade?
I think this 5 wave move we've identified on 4H chart is/was an impulse on Daily time frame, so we are effectively short the Daily corrective wave which has a target range of 38.2 - 61.8 of the impulse.Ignored
DislikedHmm, looking at the hourly chart, it seems wave 5 probably not over yet, what do you think?
Looking from your chart, i count the target zone would be around 3376 - 3805
If it not go up to that area, I would sell if it breaks the trend line and put my stop loss at 1.3260Ignored