Hey Daytek.
Thank you for posting your chart.
Attached is my 5min chart.
Started to hedge my long trade now by 4 out of 7 parts.
if this turns out as a wave 2 down now as in the chart , then I can exit my hedge. it not, then I will let it ride.
Stochastics levels on the lower TFs is way over bought but the 4hour stochs is starting to cross back the 20 level.
So I am basically biased to seeing this as wave 2 then it continues with the 4 hour new upward trend.
Whew..... Starting to cross my fingers and what ever I could still cross here
EG
Thank you for posting your chart.
Attached is my 5min chart.
Started to hedge my long trade now by 4 out of 7 parts.
if this turns out as a wave 2 down now as in the chart , then I can exit my hedge. it not, then I will let it ride.
Stochastics levels on the lower TFs is way over bought but the 4hour stochs is starting to cross back the 20 level.
So I am basically biased to seeing this as wave 2 then it continues with the 4 hour new upward trend.
Whew..... Starting to cross my fingers and what ever I could still cross here
EG