![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzka9GLjc4_bZjkywsjWe3AHV-_8UKMAiZ_GpTRsZvBe6H07KA1EB8aqxXo2BwP3Q0vlH7ZDjrjVwKq1x72zsrxkRzNBjXNiscnavagF3chthsEvN4IJmzwI6-g4bzKrgA5v5tD94D_wvx/s320/count0826.png)
So it turns out this was an ABC move after all as I had been suspecting all along. Now the question remains if this is an ABC for a IV wave or the beginning of a counter rally. I am on the sidelines as per my comments yesterday, I rather lose a trading opportunity than money in my account. Right now it looks like the C wave will challenge the 1065-1070 area and that is where I will be shorting and selling my hedge.
No comments:
Post a Comment