Main Count Update:
From what I can tell, this is what I think where we are at. Current price action is building wave 4 transitioning to wave 5 minor of wave C of wave A. Looking for wave 5 to finish between 419 and 425 Monday - Wednesday. That is my guess on time based off 30 minute chart. We will see what the market gives us on Money Monday.
This is my own trade and trade plan. This isn't financial advice. Please do your own DD. This is to journalize my thought process as I learn Elliott Wave. :)
I'm swinging 420 calls 8/10 @ .57 if you want to follow along with stop at .45. Once the roll over starts depending on where we land (Thinking 419-421) I am planning to get 8/12 411 puts and 8/19 400 puts.
Key area's I'm watching:
Upside - 415, 417, 419, 420, 421, 423, 425
Downside - 411, 409, 407, 405, 401, 400
Good Luck Traders.
From what I can tell, this is what I think where we are at. Current price action is building wave 4 transitioning to wave 5 minor of wave C of wave A. Looking for wave 5 to finish between 419 and 425 Monday - Wednesday. That is my guess on time based off 30 minute chart. We will see what the market gives us on Money Monday.
This is my own trade and trade plan. This isn't financial advice. Please do your own DD. This is to journalize my thought process as I learn Elliott Wave. :)
I'm swinging 420 calls 8/10 @ .57 if you want to follow along with stop at .45. Once the roll over starts depending on where we land (Thinking 419-421) I am planning to get 8/12 411 puts and 8/19 400 puts.
Key area's I'm watching:
Upside - 415, 417, 419, 420, 421, 423, 425
Downside - 411, 409, 407, 405, 401, 400
Good Luck Traders.
Note
I have two variations this could play out. After reviewing my chart, I had to make sure and prepare for a potential move up to 420. I will share both variations.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.