Start of Wave 3/C bull cycle?
Updated
ng has deeply corrected in a triple zigzag formation to the .618 retracement low, from there we notice a complete 5 wave impulsive cycle with the potential of a new cycle forming for potential wave 3/C, this implication is that we likely retest above 3.0+ in the near future
Note
this count has sometimes confused other elliot wave traders as the B wave has been disguised as a potential w3 or w5 pattern.. the expanded flat correction is difficult to predictTrade active
long entry active at 2.7 with a stop at wave C invalidationNote
in profits currently from 2.7, but the wave looks corrective, in order to protect myself from a wrongly biased count.. i am putting my stop loss right at 2.7 breakeven. gl tradersTrade closed manually
very close to being stopped out, when the bounce from 2.7 failed upwards, i took a scalp profit out of it at 2.72. this was a highly optimistic count, that has not yet been invalidated, but the price action is very choppy and unpredictable and i don't like trading this way.
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