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Today is a tough day as it is a consolidation day. Those are hard to predict how they unfold. Anyhow, off to a good start
Here is my thoughts. The green line data there is a B wave up. The question is it going to form another B wave above that diagonal line or do a deep retracement? Two approaches: get out if it violates the first upper line or just wait it out and risk not making as much. It comes to the concept of being a day swing trader or a day short term trader.
If the count is right. I see an abc, that is A and then another flat abc, so now in a c wave and target between that 75-100
percent area another line should form for a exit point, hopefully.
One needs to stay flexible. Those lines are pretty sureties what is happening. Notice at the beginning of the line they are always one bar down. Never on top. They just seem to work better for me.
One needs to stay flexible. Those lines are pretty sureties what is happening. Notice at the beginning of the line they are always one bar down. Never on top. They just seem to work better for me.
