Perhaps Elliott Wave is Suggesting The 3 Drive Will Fail ???
The 3 drive has pretty good looking harmonics/symmetry,
But, EW suggests this will fail - unless - price action is an expanded
flat with the b wave touching the 1.27 fib ext before c wave to the
upside. If a regular a-b-c correction ends about the .500/618 fib
that would project a downside run shooting well past my stop levels.
traderWgun also has an EW count that supports price action to the
downside. *related ideas*
So, even though the 3 drive has very low risk to know if it's wrong,
I'll probably be looking for the short and ignore the long ~~~~~
Unless we get that expanded flat b wave first.
But, EW suggests this will fail - unless - price action is an expanded
flat with the b wave touching the 1.27 fib ext before c wave to the
upside. If a regular a-b-c correction ends about the .500/618 fib
that would project a downside run shooting well past my stop levels.
traderWgun also has an EW count that supports price action to the
downside. *related ideas*
So, even though the 3 drive has very low risk to know if it's wrong,
I'll probably be looking for the short and ignore the long ~~~~~
Unless we get that expanded flat b wave first.
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