Scenarios for the next move

The scenarios for the next move:
Scenario 1 – formation ABCD
1. Going down - wave (C) or CD
2. The two possible targets:
a. $8600: CD=1,46BC & CD=0,236AB expansion
b. $8200: CD=1,13AB & CD=2,236BC & CD=0,618AB expansion

Scenario 2 – formation XABCD
1. From $8900 could be one more move up, before correction
2. Wave CD could go to level $9600
3. From point D the next correction could start.

I’ll cancel the scenario 1 if a candle will close above $9100.
I’ll cancel the scenario 2 if a candle will close below $8750 (it’s 1,13 of wave BC).

It’s not any financial advisor, it’s my scenarios.


If you have any comments, please share.

Komen:

The scanario on daily:

Komen:

The scenario 2 was canceled (price < $8750)

Komen:

It was the good lesson :) I cancelled the scenario 2, and just after that the price started to play it.
There is why it is good to have two scenarios for different situation.