Hello Traders
I took a long trade because the next wave should be the C wave, if the last top (the yellow B) wasn't the end of the correction. In this scenario, there is no more room to go down. So the last low should be the end of the blue B. I hope in the worst-case scenario, it will make a big enough correction under the yellow trendline and we will be able to hedge our trades, before the next drop.
Trade with care.
Bulent
I took a long trade because the next wave should be the C wave, if the last top (the yellow B) wasn't the end of the correction. In this scenario, there is no more room to go down. So the last low should be the end of the blue B. I hope in the worst-case scenario, it will make a big enough correction under the yellow trendline and we will be able to hedge our trades, before the next drop.
Trade with care.
Bulent