I did not see that B-wave rally in the afternoon, but in hind sight, I should have seen it as the below pink circle is not a typical wave 2 — it looks more like a wave b (a-b-c) subdivision — so that should have been a hint that the wave 3 down would simply complete a wave A down, and then a wave B rally would follow.
I’ll have to make a mental note for next time.
With this hint, I should have known that the downside would be limited at 1865 and we would get a B-wave rally. That could have been anticipated on my part.
I’m labeling this past as a “failed 3rd wave” — since it effectively reversed what initially looks like a wave 3 down.
Yesterday, we exited a trade at $1.2k profit. Today, we exited the puts that we entered from yesterday right in the 1865-1868 region. Actually, we exited half for almost 50% profit, and exited the other half at nearly 100% profit.
Really, we’re supposed to just recommend 1 high probability trade each week. But the action has been so volatile we’ve been alerting subscribers with several extra trades this week.