The market got me today. Wave 4 dipped further and I got stopped out when I was asleep. I did not dare to jump in again when awake looking at all those red candles. However, after analysis, I am still confident we are witnessing steep 4rth wave. I will be able to get back in only at London's open. That's 8.5 hours away.. It would be good if the Asian session is spent to form wave 1-2 so I can get in even with more confidence.
Why I am so sure that we are in the uptrend this week. I cannot post low-timeframe charts here but on the lower timeframes, it is seen that wave 4 subdivides in wyz (3-3-3) corrective patterns. At this point, no indicators are helpful to forecast a steep surge, it is just down to good labelling and trusting the Elliott rules.
Why I am so sure that we are in the uptrend this week. I cannot post low-timeframe charts here but on the lower timeframes, it is seen that wave 4 subdivides in wyz (3-3-3) corrective patterns. At this point, no indicators are helpful to forecast a steep surge, it is just down to good labelling and trusting the Elliott rules.
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