Looking at the hourly, I think we have a good chance of completing wave 5 of the pattern with TY futures here. Target a pullback from 124*095 down. Stops below 124*02, so make your volume and entry of a size that you can handle the loss on, however, I think the odds of one last push to the target highs are good. As of time of writing (27-03-2019) The Fed has been out trying to hose down recession fears, and maybe they are right, but I still think the chances of pushing up are good.
Bigger picture, we still look to be in a bigger wave 3 move that has potential to extend all the way to 126*21, but for right now, I am looking for the termination of wave 5 in the first move of the potential bigger wave 3. After this, we might start a sideways correction, but we can deal with that as it comes up. For now though, just keep one eye on the bigger picture going forward
Bigger picture, we still look to be in a bigger wave 3 move that has potential to extend all the way to 126*21, but for right now, I am looking for the termination of wave 5 in the first move of the potential bigger wave 3. After this, we might start a sideways correction, but we can deal with that as it comes up. For now though, just keep one eye on the bigger picture going forward
Commento:
Hope you lightened up peeps. I have 25% of my position left
Trade chiuso: obiettivo raggiunto:
Probably time to close this off now if your time frame is short. Personally, I am going to hold onto a small position with the bigger picture in mind