Potential 3 drive with 1.618 fib extensions make this possible
5th wave top an aggressive short potential. Especially when you
consider that the market may push above the "Big Figure" 1.0000
just enough to trap the breakout longs {and stops out the 1.000 shorts}
before it slams them back below ?
Or the 5th wave could simply extend higher ?
Well, a small, low risk stop is worth a try with an eye to reenter if
the candlesticks trigger an opportunity.
(another thought: can you have too many diagonals within a larger degree wave?)
I won't take this idea before the NFP to avoid the wild swings.
5th wave top an aggressive short potential. Especially when you
consider that the market may push above the "Big Figure" 1.0000
just enough to trap the breakout longs {and stops out the 1.000 shorts}
before it slams them back below ?
Or the 5th wave could simply extend higher ?
Well, a small, low risk stop is worth a try with an eye to reenter if
the candlesticks trigger an opportunity.
(another thought: can you have too many diagonals within a larger degree wave?)
I won't take this idea before the NFP to avoid the wild swings.