Just as I finished yesterday's chart, that stated we are in our last touch of the trend line (which we didn't quite make) The price went down in a hurry, just as I have been calling. Should take a few days to get down and really test those bottom trend lines!
Here's what I see currently. The price will bounce around between the yellow trend lines, before falling lower. Although we must always consider bounce the opposite way in our triangle, which could be possible and still in play, but at the moment that's not what I see. I was looking for play and found a few good shorting spots, but I won't even be playing these. Just making notes to see what happens tomorrow. I will be really focusing on the bottom trend lines, yep all three!! lol
Here's what I would like or kinda think will happen....
A,B,C,D,E, into my green target? However could that mean we get rejected by that trend line and head down farther into the .618 regions, confirming our 5 count and that was wave one and we are completing wave 2? This is not financial advice! This is more of my trading journal than anything!
