Daily structural view, maybe we will get something like this. I also know where I went wrong on the previous post. I will post that in the updates.
Watch for the breakout! Overall structural view is in the related ideas!
Regardless of this making the ending diagonal, we have a bunch of built up divergence and need to correct the previous impulse. Let's see!!
Maybe a diagonal type of structure will present itself. Follow along in the updates!
Expecting a move lower shorter term, with a possibility of longer term downside!
Update from idea way back where I thought we'd make a top (higher degree correction) getting a little better at reading into the structure! Thanks for looking!
#CPSS has been in a corrective downtrend for a while. Will this just be an ABC flat for more down or will this be another big up before the subprime loans crash??
This entire thread will be for STRUCTURE! In the "idea updates" column I will be posting all types of corrective and impulsive structures! When it comes to trading the waves, the 12345ABC we all love to draw when we first learned about the theory will be useless (most of the time) What we should focus on is if we're in correction, and if so how the heck can...
simple and effective!
Buddy just told me to look at this! 3 or 5 wave correction before breaking out?
Starting some divergence after breaking the daily top and making a pullback. This might start the upside again or a more complex correction before going up!
Update for the daily chart I posted. Maybe we will get the sell setup next week! Hmmm? Bias is short but staying out until I get my signal!
Hey traders! The daily structures showing one more down is a strong possibility. Is this an ending diagonal pattern on the 1hr and will it help us get a good entry for the daily structures down move? We will see!
Let's see maybe making big FLAT or WXYZ what ever you want the important part is trading the right side!
Let's see if we get some bullish momentum near the lows. Will post chart updates on this one
Still withing a corrective structure (maybe a B wave currently)
It would be nice if it drops 500 pips lol