Well here we went again .. an early morning analysis as to a potential Long target ..
By 6 AM, The market eventually moves to TAP the $66.55 projected level, overruns by about 12 ticks and the drops like a brick to current $66.22 levels.
Where was I .. caught up in another nice chop, losing $200 on one contract
Demoralized, I didn't enter, but .. the analysis was totally on point ...
ARRRRRGGGHH !!!!!
Currently looking at a developing A-B-C Elliott Wave short with an expected retrace back upi to retest $66.55 again, which, if holds,
looking at a follow-through back down SHORT to $66.00.
Basis of which is chart below ....
7 AM - $66.19
Market dead but E-Wave A-B hovering at 66.13 with another push scheduled at 7.06 AM
7 AM - $66.19
Market dead but E-Wave A-B hovering at 66.13 with another push scheduled at 7.06 AM
7.30 AM - $66.28
Final formation of A-B-C WAVE SHORT
10.15 AM
Eventual Elliott Wave Flows
A-B-C
1-2-3-4-5
Possible restart of 1-5 or push to larger Wave-5 with a break of Long 1-5.
--
We Design Gravy-Trains
"Choose Your Speed"
6.41 AM - Look who is at $66.04 ...
ReplyDeletepotential scheduled push SHORT at 6.53 until 7.00 AM
Let's see ...
7.15 AM
ReplyDelete$66.35
Possible formation of A-B wave in combination with Waves 1-2.
If formed looking at target 65.85 for first pit stop with day-run to 65.55 and possibly lower
9.45 AM
ReplyDelete$65.85 after lower $65.70 low ...
Target hit earlier once at 7.55 AM
12.35 PM
ReplyDelete$65.35
Complete Elliott Wave 1-5 and A-B-C cycles completed.
Ironically, when we look back at the original first post, please note both the LONG .. and SHORT projected targets ;)
Analysis - A+
Execution - C-
Obeyed the rules to stay out but never got back in. I need to work on believing more in myself and my analysis ...