Pattern from July, Saturday-Sunday will decide the direction
If we copy-paste Elliot waves from July, they fit nicely for price action in mid-September: after facing corrective A-B-C waves and completing impulse of first wave (from 200 to 300) we are now in second wave (corrective), that could go down to 240.
As it should not be "exact" pattern, we should be looking for completion and breakout signal - if we'll have a bigger drop this weekend, it might be a sign that we'll move to 3rd wave (targeting 400), if we'll go flat-slightly decrease, we might follow the waves as in copy-paste July pattern - 3rd wave might start on next weekend.
Market seems to be quite forgivable, so don't go with more than you can't afford to loose, and don't panic if the direction is not correct - after some time, it usually allows to close the position with no or minimal losses. Rule of 90-90-90 is so correct - 90% of traders loose 90% of money in 90 days.
Stay calm, have a life (and money) :)
As it should not be "exact" pattern, we should be looking for completion and breakout signal - if we'll have a bigger drop this weekend, it might be a sign that we'll move to 3rd wave (targeting 400), if we'll go flat-slightly decrease, we might follow the waves as in copy-paste July pattern - 3rd wave might start on next weekend.
Market seems to be quite forgivable, so don't go with more than you can't afford to loose, and don't panic if the direction is not correct - after some time, it usually allows to close the position with no or minimal losses. Rule of 90-90-90 is so correct - 90% of traders loose 90% of money in 90 days.
Stay calm, have a life (and money) :)
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