Like with any other trade, due diligence is advised. I see about 3 scenarios that might happen here, but the most likely is the one illustrated. The waves could be 1-5, with 1 and 2 slightly below the parallel lines and abc become 3-5, either way, the next move should be to the downside. If the SL doesn’t hold, this invalidates itself and would look for another short around 2.80s
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entry: 2.619 exit: 2.42 lev: 10x
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I didn't trust this PA, went in with a small amount
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got stopped out twice before hitting the final ride.