Well, it seems like we got a pretty nice impulse wave 1 going up and now we need to wind up a little to reload, so there's my count.
Currently holding that channel, the bounce seems to not have a lot of power, not much gas left in my opinion, so once it breaks the channel i'm going short, just a low leverage nothing crazy.
We got a nice confluence zone right in the middle of the 100% fib extension from the 5th to the B, and the 50% retrace from the 5 waves up, so that's my entry for a long.
I'm not predicting anything, just reacting to the market, it can always be invalidated so no problem for me, I got my stop loss tight ready to get out and find my next trade.
I hope this is not too messy, just wanted you to see where do I draw my fibs.
Currently holding that channel, the bounce seems to not have a lot of power, not much gas left in my opinion, so once it breaks the channel i'm going short, just a low leverage nothing crazy.
We got a nice confluence zone right in the middle of the 100% fib extension from the 5th to the B, and the 50% retrace from the 5 waves up, so that's my entry for a long.
I'm not predicting anything, just reacting to the market, it can always be invalidated so no problem for me, I got my stop loss tight ready to get out and find my next trade.
I hope this is not too messy, just wanted you to see where do I draw my fibs.