Second chance for entry . . . or sucker play ?
However you want to count this corrective price action, the overriding factor is that
a thrust from a triangle is terminal - meaning the current price swing is ending, thus,
whether this is a B or X or even a 4th, one can enter here and t/p at the measured
projection or wait for the final pattern and sell the potential top for a nice ride down.
At this point the top could be as high as 95.75 where A/W = C/Y
No doubt price action will give us some clues for a short entry soon enough.
Feeling aggressive BuT, With No Guts, I entered this trade at E (93.15)in my Demo Acct.
Huh !!!! Of course I wish . . .
a thrust from a triangle is terminal - meaning the current price swing is ending, thus,
whether this is a B or X or even a 4th, one can enter here and t/p at the measured
projection or wait for the final pattern and sell the potential top for a nice ride down.
At this point the top could be as high as 95.75 where A/W = C/Y
No doubt price action will give us some clues for a short entry soon enough.
Feeling aggressive BuT, With No Guts, I entered this trade at E (93.15)in my Demo Acct.
Huh !!!! Of course I wish . . .