Follow the waves, use every wave as a resistance and support, use the intersection(red vertical lines) of all waves as an indicator for the big move!
let's surf these waves!
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now let's see where we end up in the intersection After Hours...
if we go over 2701 long till safe zone 2730 and for the risk takers 2750. if we do not go over 2701, short till 2625 :) and really risky 2601 ;)
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I took the Short position, stop at 2702. Tp at 2637.
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We have now entered in to this wave channel where, so if you shorted at 2693 with me, i closed and took my profit. we could go up and hit the 2694-2695 once more. either getting rejected and a nice good short could be made, or long if it breaks out.
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trades and waves still at play :)
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Ignore chart up, wrong screen shot
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breakout! lets see where it ends.
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just opened this position.
*fingers crossed*
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remember the theory is a time goes on the resistance and support on the waves move too, now reduce the your short stop.
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forgot the 30m chart and the initial resistance yellow wave which then became the support wave. so I closed position and took profit when it touched.
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I have no comment for today...
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updated. once again look at the intersection of waves, I have marked the future intersections, the red horizontal dotted rays.
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quick scalp anyone?
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Position closed. took profit, position open at 2641, TP 2648.25. call it weak hands, but I would rather be secure and make profit.
Not sure if this is the B wave on an ABC descend correction, stopped forwarding at 61.8%, so looked like a B wave to me.
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Also I would like to thank dkh for helping me understand and teaching me the way sine waves work, teaching difference between volumes and price and time action. If it weren’t for you I would not be able to make this. I know I’m two generations behind with what you are doing so I wish you the best of luck and a bright future.
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