Let's see what happens next. Given this is the third wave down, I expect it to be a bit deeper than the first.
Yorum:
We need to recount this, as the previous medium-term count is invalidated.
It seems the upside move still had a leg remaining, and we are now in a wave-c to complete the correction most likely.
I expect there to be a reversal once we hit the yellow wedge resistance. This also pushes the timeline further by a few weeks.
My trade: I took calendar spreads that will expire worthless, but I'm okay with losing 100% on it. I will take one more cal positon next week as it hits the resistance / 200MA
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
It seems the upside move still had a leg remaining, and we are now in a wave-c to complete the correction most likely.
I expect there to be a reversal once we hit the yellow wedge resistance. This also pushes the timeline further by a few weeks.
My trade: I took calendar spreads that will expire worthless, but I'm okay with losing 100% on it. I will take one more cal positon next week as it hits the resistance / 200MA