Hi Everybody,
Yesterday was not as easy “at the time” as it may seem “in hindsight”. I know this as I was pondering the larger degree trend as the market was unfolding yesterday.
Initially I suspected that the 15min NQ had put in a potential Wave C low, which meant the larger degree trend was up. But the 3min then gave a lovely 3min TS3 sell (next post) so we had a dilemma.
Later in the day, things became easier as the NQ (and TF) made another attempt at a Wave C low, that is why the 3min TF long on the VSA setup (post later) was the easier trade yesterday.
So overall, tricky in the morning, but easier later in the day.....
Steve
Yesterday was not as easy “at the time” as it may seem “in hindsight”. I know this as I was pondering the larger degree trend as the market was unfolding yesterday.
Initially I suspected that the 15min NQ had put in a potential Wave C low, which meant the larger degree trend was up. But the 3min then gave a lovely 3min TS3 sell (next post) so we had a dilemma.
Later in the day, things became easier as the NQ (and TF) made another attempt at a Wave C low, that is why the 3min TF long on the VSA setup (post later) was the easier trade yesterday.
So overall, tricky in the morning, but easier later in the day.....
Steve
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