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| 12:41 PM - 5 Min |
[11:55 AM] - I removed the purple labels since it was invalidated. We are left with red and blue.
I'm having a hard time counting an impulse for blue off the wave c low. I tweeted the other day tho that an extended third wave could be in the works should the inv H/S play out. So we must be mindful of that.
However, given all the volatility, I'm placing a day trade short bet here that wave {iv in fact completed today and that wave {v may be underway. Stop is above today's high. We'll see.
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| 11:55 AM - 5 Min |
[11:01 AM] - Remain nimble folks. Wave {iv may be complete. Rejected at the upper end of the descending channel.
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| 11:01 AM - 5 Min |
[7:37 AM] - The purple count is out. The red count invalidation point noted on the chart at the H/S target. I'll take 50 points from yesterday. I'm out of my trade.
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| 7:37 AM - 5 Min |
[7:05 AM] - Yesterday's trade is looking good. The inv H/S appears to be playing out.
Being nimble has been great. The purple count has almost been invalidated. We'll see if this is targeting the 200 DMA.
