I am now 50% cash - cut losses on ACW to reduce risk and trimmed...

I am now 50% cash - cut losses on ACW to reduce risk and trimmed my HIO by 50%.

I took a position on QPM today to trade a counter-trend B wave. Finger cross that it will bounce.

Although my risk assessment is depending on NASDAQ, I would expect a low ball bounce to form the right shoulder:



I could be also so wrong because the right shoulder may have been formed:



Either way, all stop loss is in place and they are ready to be triggered.