This is another update to my ''Megaphone'' pattern trade posted here:
From that plan above, target 1 was reached and we are pulling back.
But I am wondering if wave 5 is actually done yet or not.
Wave 5's should have 5 sub wave structure.
But I am not seeing one yet, so I am wondering we have one more leg up.
This is NOT a good place to long unless there is strong bullish bias.
This move could end at any time and retrace hard. So my SL's will be very close.
From that plan above, target 1 was reached and we are pulling back.
But I am wondering if wave 5 is actually done yet or not.
Wave 5's should have 5 sub wave structure.
But I am not seeing one yet, so I am wondering we have one more leg up.
This is NOT a good place to long unless there is strong bullish bias.
This move could end at any time and retrace hard. So my SL's will be very close.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
