The angle on that price looks like blowoff and you'll probably get a 'sympathy' wave / double top that will be like a 4/5. Then you can look for type 2? It's certainly in a precarious position to make an good risk/reward...
One of the problems I've found in AGET is 'false breakout's. That chart illustrates it amazingly well...
You would have had 3-4 'stop's hit if you took that trade because it kept breaking the 6/4 and then falling further... (I'm guessing -- from looking at it...)
What triggered your BUY on the wave 5? How did you decide this was the 'real deal'?
CCI: Smart. I should have known looking @ your chart!
I've been working on combining CCI w/ Waves. I haven't decided if it's beneficial or detrimental, yet.
I ran through backtesting all weekend on 3-min NQ's manually setting / buys/sells on CCI breaks and looking for the wave completion. I suppose I could sell the hooks even if the wave says it wants to complete but I was trying to use the CCI to time the entry and leave it long (short).
(Though, I also think NQ is the most evil of indexes in how it knocks you out of trades.)
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