Here's an example of one breaking down to watch, price wise everything was looking good, ema cross followed by testing to 50% fib level at the 65ema, then it just kept going. Now at the 78.6 fib correction level. Technically, it still could be a 2nd wave going through a deeper correction, even if it puts in a double bottom. How do we catch these if it is indeed a third wave starting shortly, it will have done more than 100% before it triggers via the normal system. I'm thinking the only way to catch them closer to the bottom is scaling down the time frames while we wait to see if the daily can rebuild, however the daily looks like the 65-200 ema's have rolled over. I'll leave it in the watch list to see what it does. Daily momentum is shot though.
