So we had a nasty breakdown last night, some people got burned including myself. The rule that wave iv bottoms in the vicinity of wave (iv) rarely fails me, but as long as we do not pass into the territory of wave ii then we can still expect a wave v.
Since the breakdown, the count has become clearer. we have a much better risk reward. We are not fighting momentum indicators. Playing this simple breakout is a string signal long here.
I noted before that wave iv would be
deep because wave ii was so shallow. It came very very true.
... always remember, buy when theres blood in the streets, even when it is your own. we are still targeting 3000 yuan, and we have a chance to buy at 2500 with stop at 2400.
looks like the base of a triangle forming.
well spotted.
EDIT - reposting this count on new page as it is very significant at the moment.
Very nice work.
Can you post a link to your tradingview chart, so we can see all the lines en press play to load new bars, etc. Or is it too much to ask?
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