DAMN never ending C wave.

2018년 3월 8일

Ok, while we all thought yesterday was the end of the C wave and we should be going down, and especially that gap that popped up in the morning.

I took thought downhill from here :/. but that gap wasn't making sense, tried to count the waves but it was getting confusing and the fib counts too was not making sense, one of my friends went into the 4 hour chart and realized that we are still in the C wave.

For me that was not what I wanted to hear since I had many short positions, luckily had stop losses with profit.

so I am trying to regraph the forecasted path now, I see a correlation to a major resistance and 1.618 level fib on the presumed wave 1-2, is at 2755-2758, and at 0.618 of the larger A wave.

We should be seeing an end by then, my only fear now would be on a bigger picture that from the first dip in Feb to now might not be the average ABC correction but a ABCDE triangle correction, if so then maybe forget the lows of 2,300 range and focus on the low of 2,450 if we take the idea length A = C.

2018년 3월 10일

노트

Look like 2828 will play an important role in deciding the direction.