it depends on the nature of he next bounce and what the low will
be. If it's a wave 5, then I would exact a sizeable ABC rally - you
won't want to short until later in wave C. If however we've been in
a wave 3, then a bounce would likely only be a small abc 4th wave
and wouldn't go that far and so you would want to short
that.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I would rather short a
W (Wayfair)
Posted by mla127 on 1st of Sep 2022 at 12:06 pm
I would rather short a bounce than a breakdown on this one ... if the market bounce, i`ll be looking at this one to add as a short....
Got it. Thanks for sharing.
Posted by mdgfain on 1st of Sep 2022 at 12:23 pm
Got it. Thanks for sharing.
it depends on the nature
Posted by matt on 1st of Sep 2022 at 12:10 pm
it depends on the nature of he next bounce and what the low will be. If it's a wave 5, then I would exact a sizeable ABC rally - you won't want to short until later in wave C. If however we've been in a wave 3, then a bounce would likely only be a small abc 4th wave and wouldn't go that far and so you would want to short that.