This morning I had a pleasure to acknowledge that my previous count was slightly wrong.
https://www.tradingview.com/chart/SPX500/53IfMe3i-Finalising-correction-in-SPX500-before-a-major-move/
It is an interesting feeling. On the one hand, you have to go through small pain of admitting your mistake on the other - you are seeing a much clearer picture which reinforces the bigger context of your trades.
Wave 2 (circled) has just finished having formed flat ABC structure. This means that brutal bearish price action is coming in the next few days/weeks. I will be adding shorts today with a tight stop just above wave 2.
https://www.tradingview.com/chart/SPX500/53IfMe3i-Finalising-correction-in-SPX500-before-a-major-move/
It is an interesting feeling. On the one hand, you have to go through small pain of admitting your mistake on the other - you are seeing a much clearer picture which reinforces the bigger context of your trades.
Wave 2 (circled) has just finished having formed flat ABC structure. This means that brutal bearish price action is coming in the next few days/weeks. I will be adding shorts today with a tight stop just above wave 2.
Nota
wow... this was a very miserable experience to learn in the morning (after US session) that my 'best count of the month' is nonsense. I made two mistakes again
1) I gave this opportunity a preference, made it my 'top opportunity', therefore skewed my risk profile
2) did not cover 100% position with stops, loosing more than I was willing to give
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.