At a potential turning point. A break of the channel could tell us the short term top is in.
A close below the previous wave 4 would be the traditional entry for a counter trend trade. Typically a wave 2 correction is a zigzag with a 618 target. Be reactive and wait for the close below the previous wave 4 to confirm the short term top.
A close below the previous wave 4 would be the traditional entry for a counter trend trade. Typically a wave 2 correction is a zigzag with a 618 target. Be reactive and wait for the close below the previous wave 4 to confirm the short term top.
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