Comments on the chart
Commentaire:
price moved down today and (1) is about to be taken out. Taking it out confirms the impulsive move down...
Commentaire:
price moved up again putting me (and the idea) back in square one. I am still bearish. In my use of EW I typically like selling around (2) and using the break of (3) to add to shorts for the strong wave 3 ride. However the risk is that the count may be wrong or the (2) is not in place yet. That is trading for you.
Commentaire:
(2) is still intact but I dont like the price action
