Now... assuming I did perfect wave count, then we are at Wave 4 correction, isn't it? yeah.. bears are happy now, while bulls not completely out of woods.
I'm not trying to be ahead of anything, it's just some possibilities.. Again.. assuming we're at Wave 4 correction after (what we believe as) end of Wave 3, here's options for shorting on this pullback.
a. 24% - 8700.5
b. 38% - 10275.6
c. 50% - 11626
This is solely counted based on EW and Fib. Did not consider any fundamentals situations, indicators. Your investment, your responsibility..
if you are bear :)
could it be end of Wave 4?
I welcome any input and critics
Feb 16th, it bounced to 10270, this is now..
match it to the chart :)
is it a 12345 in bear direction? or ABC correction has ended and we are at the top of Wave 1 of new wave cycle?
IMO, No need to think about it. Money is money. take profit or HODL. no way selling at lost
this is not a trade zone for me. I'll watch and decide my action after current consolidation and breakout.