W2 is a large running flat correction. As expected W4 is a smaller correction, it's a running triangle as W(b) exceeds the end of W3. Although W(e) has not hit the trend channel, the trade is still valid as W(e) may fall short in reality as opposed to theory. Also, after the end of W(C) of the running flat, there is a 5 waves impulse still to complete as W4 of this impulse coincides with W4 of the overall structure.
Ordre annulé:
Position closed. Price has moved to downside. Trade no longer valid.
Commentaire:
Profit targets reached. Another lesson learned. Stick with the plan and have conviction with your trading idea.