Again I am waiting for wave 5 to complete to the downside as we wait for the FOMC meeting, which may be a catalyst for liquidity grab and burning shorts, before a long wave 3 downwards.
Take a look at my sample trade, and here is a scenario that might take place, however I make sure to always utilize price action and wave analysis before placing any trade.
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Check out my macro analysis on ES for long-term prediction of the market.
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