Oil rushed down and I closed my short. What was the purpose? Count five waves from the end of wave b (graph on the left) and close the short.
Wave 2 or b may continue. For example (the graph on the left) it can be a larger zigzag, in the wave of which the third wave ends.
Well, or even wave 2 or b can go double zigzag (why not?).
But when you trade corrections (not trends), it is important to follow the original plan, and it is now executed, so I left the trade.
Waiting for the next COT report
Wave 2 or b may continue. For example (the graph on the left) it can be a larger zigzag, in the wave of which the third wave ends.
Well, or even wave 2 or b can go double zigzag (why not?).
But when you trade corrections (not trends), it is important to follow the original plan, and it is now executed, so I left the trade.
Waiting for the next COT report