My preferred Count shows that we currently is in wave c of E and therefore I'm looking for a impulsive decline (five wave decline) in wave c towards the bottom of wave iv of the lessor degree at 1.5854.
Short term I'm looking for a minor correction higher towards 1.6467 in an expanded flat correction before acceleration lower as wave three lower gets up in a higher gear. Even though I do expect a slightly higher correction, we have to be aware that this correction already could be over as corrections during wave three tend to be small and even sub-normal and this could be such case.
Would I be correct in setting my SL at 1.64670?
ReplyDeleteIt there anyway you are able to show suggest SL and TP targets on your charts?