27 Sep 2021 ● 11:13 AM
As discussed in the weekly Episode I like to preempt a breakout and not live in the aftermath because sometimes by then the risk-reward is not the same. And so it happened here on the auto index that broke out with a big candle today. But this is not a day trend and most likely wave 3 circle of larger degree and then this breakout is only wave iii of this move at minor degree. This is wave iii of I of a larger 3rd wave. The breakout sets the tone and pace of a new unlock trade and this time for the auto sector that should attempt to go back to a new normal.