the b8 is still running, the triangle still possible.
What we know is, that my shorts were made too early. A short in the middle of a possible triangle is not the best idea anyway. I always say i´m looking for big moves and thats not what i´ve done yesterday.
What you need to know is, that corrective patterns are always difficult to trade. In these cases, trust another method then elliott waves, or try to trade an upper cycle. These both are good decisions, but chasing the end of b8 might be not.
But i can say to all shorties, the up waves are all corrective, there is no impuls, even in the 1min chart. So, i expect that the b8 is still running and the triangle is still my main option with a c8 following with targets around 9660.
Another thing i need to point out now is, that this could be an expanded flat. That means, a wave b has the possibility to raise up to 161,8% of the wave a. This point must be the MoB for the shorties. The MoB is at 9764. Put your stops here!
So guys, it will be still difficult today, maybe it is the best to stay out and catch the next 200 point move.