It seems as though the third wave down has started. I am utilizing my yellow and green support lines to help guide my corrective wave so that I can determine a proper buy-in. I am assuming that the C wave will finish off within this boundary.
You all should be on your toes and look to the IC indicators as a tool for gauging the momentum downwards. It will help you determine whether or not if there is any more room to go past my support lines so that you can find a proper buy-in.
Either way, this should be an exciting couple of days.
Happy Trading!
-LB
You all should be on your toes and look to the IC indicators as a tool for gauging the momentum downwards. It will help you determine whether or not if there is any more room to go past my support lines so that you can find a proper buy-in.
Either way, this should be an exciting couple of days.
Happy Trading!
-LB
