Monday, February 25, 2008

ES forming a 120min Wolfe Wave ?



120min Wolfe Wave forming up ??? Target would be previous 1400 swing high area... Will buy a retracement back to b/o level if we break with conviction and offer longs at 1400. Entry at current level is too risky being right at bigger POC level - but will watch a b/o of a previous selling tail to enter the trade on a retracement.

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