So it seems that my original idea was more accurate than the reconsidered one i had later. I think the take away is to consider multiple counts every time . For instance every time, have the count for the ABC being extended, and for the b c to be part of the next impulse wave. Anyhow, I think we should expect a final wave here to around 6800$ level, completing the total wave and coming down for correction
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MAybe this was actually the correct count.Done with five wave, on the way down
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There comes another twist, so maybe we were not done with the fifth wave and this was the count all along
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So if that's the case, this is my play right now, laddering on 3808,3825 and 3850 with stop loss of 3865. target 3645
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My thoughts right now is that either we have completed retracement somewhere between 236 and 382 and also hae made the first impulse wave up now, or were still in the middle of C. So I think maybe its agood idea to buy now with the stopp loss of 6850 ( the possible end of C)
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So that was actually a complete ABC pattern and we had a massive impulse wave up coming
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So are we in the first subwave of the next wave or the ending wave of the previous wave?
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So I'm still not sure that we have finished the five wave and should expect a retracement for all the waves, or we have finished the first wave of the next 5 waves. But I think either case we have finished a wave and should expect a retracement. So I'm gonna make a trade with laddering for the conservative target of the small wave
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So after a few days, this seems to have been the correct pattern. ntice that abc pattern n the A wave retraced around 98%, and the b reached around to around 0.716 level. So right now I don't think is over and I think we're going for the third wave down of C
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There could be an alternative theory, that we have now completed abc, of A, and will now go up to around 4015, the come down for the final C wave
