Ewj: elliott wave

Long position is still intact.

Scenario 1.
No low below Friday low. Failed Triple Top or fail Head and Shoulders turn into a Bear Trap which will push Market up today. This is likely since Friday looked like a minor correction in an uptrend.
Strategy.
Wait for 5 waves count up move of around 200, 20, 40 points then short sell.

Scenario 2.
There is a low below Friday low and turn Friday corrective waves into 5 waves down which may be an impulse wave downward. Must be more alert because wave 5 can be much shorter than expected.
Strategy.
Wait for a-b-c up, then down below wave 5 then short sell, set target at measured move of the 5 waves down.

 

Target reached earlier than expected with 5 waves counted, who dare to short here?!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

There will be a lower low in a few minutes, short after the low broken, set stop at the last high.

 

The Last Peak may be Microwave V)IVc]1)2.c:5ã.v

 

No lower low, not short yet, wait for another lower low.

The Market looks like it likes the fourth most bullish count, slope steepened.

 

The Market looks set to drop now.

 

That's it, five wave down. Looks like impulse wave down now.
Short here, set stop at last high.
Should have wait for another low to be broken.

 

Oh! yes, an lower low. But who dare to hold a short position overnight.

 

Third lower lows now. More room to breath. Consider hold short overnight.

 

1-2-3-4 wait for 5 or a-b-c and the new high?