Happy monday traders! Lets make this a profitable week with Elliott Wave!
Left hand count: Currently this is looking most probable given the choppy move down that came after the strong move up at the market close last friday. So this move for the buy idea can be approached in two ways, one being market execution and faith. The other being a pending buy stop order that would be a more certain trade but not the best entry.
Right hand count: In this idea we would be quite bearish this week and later today it would drop quite hard. For me this is not probable, but still a possbility so we need to becareful. Later today we will find out which direction it will take, but we need to focus on being on the right side of this when it does decide.
Left hand count: Currently this is looking most probable given the choppy move down that came after the strong move up at the market close last friday. So this move for the buy idea can be approached in two ways, one being market execution and faith. The other being a pending buy stop order that would be a more certain trade but not the best entry.
Right hand count: In this idea we would be quite bearish this week and later today it would drop quite hard. For me this is not probable, but still a possbility so we need to becareful. Later today we will find out which direction it will take, but we need to focus on being on the right side of this when it does decide.