The idea is that we see a 5 wave decline, then we have something to work with on a medium, term time frame.
Supposing we did see a 5 wave decline, so i would look to get out of a shorts, maybe around 5250.
But things chnage and if something happens that i am not expecting, then i will simply adjust to the market.
This is way to early to suggest long term or even medium term targets, i am not interested in those, I am simply trading the ideas i posted above.
I trade many markets, but i am fan of the SPI as i find it very easy to trade compared to the ES/SPX.
It counts really well, so if i can count a market and its a clean wave count, then i can find a setup that i understand and can control risk.
I dont trade markets i dont understand, but if my broker has it and i see a pattern i understand.
Game on!!!
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