2-eewww...

Well, that's no longer a wave-2. Two stops in a row hit for me on what looked like such a promising trade. Hey, reminder to self and all... there's no easy money in trading. Take the hit, live to trade another day and look for the next trade. We can read this... Yea, I'm sorry the channel didn't hold. It was gorgeous. But we've got a nice big fat A-B-C that appears to be unfolding. Which, given the structure and the size of the 3rd wave... makes sense. I can find a way into this structure. The more it shows itself the more trade-able it becomes. I'll be looking for buys as long as we stay above the Wave-1 high. Next entry I see is at the confluence of the 78.6 retracement of the A-wave and the .618 alternate price projection. And I like the modified Schiff median line there as well for good structure. Limit orders in, weekend rolls on. To be continued...