My EW count suggest that this is just a subwave 3 and should continue higher, but ultimately I think playing for that inch is not really worth it.
SEN: Bullish
ST: UP
PA: UP
R: NA
Friday 5 August 2016
5 Aug 2016 - EOD, EOW
Closed at high and on target. At this point, I see it injustice to keep being long the market without a substantial pullback. While prices could go up, the risk would be much higher than the reward that could be had. Yesterday I suggested that if prices are to stay bullish that an acceleration needs to happen and indeed it has, and also breaking the trendline resistance above it.
My EW count suggest that this is just a subwave 3 and should continue higher, but ultimately I think playing for that inch is not really worth it.
SEN: Bullish
ST: UP
PA: UP
R: NA
My EW count suggest that this is just a subwave 3 and should continue higher, but ultimately I think playing for that inch is not really worth it.
SEN: Bullish
ST: UP
PA: UP
R: NA
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Can we please see your EW count, just to see the bigger picture. THANKS
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