Thanks man! I'm trying to find a good entry point without acting too much on fomo. I was short last night, would have profited but my buy orders didn't get filled(the price didn't go down quite as far as I thought), and didn't anticipate this jump. I wonder if we could also be in a bigger IV triangle? This price action though begs me to reconsider, and you're probably right.
A bigger IV triangle? thats an idea, but imo draw it out on a chart and youll quickly see why its not likely. It would be ridiculously huge
I think there must be some fibonacci laws against such a big wave in comparison to the greater C wave.
Yeah, unfortunately this could be really hard to catch from here on, considering we are likely entering wave iii of whatever we are in (not confused with wave III) What I would do is open small positions all along the way. If we fall from current levels to around 2270 that would be an excellent dip to buy. If we breakout from here above 2360, that would be either a chance to take a slightly risky medium term position, or a smaller scalp which could escalate into a holder position.