How to capture wave 2 of Elliott Wave
This was an amazing experience to have identified a wave 2 although it would have been great if it had happened in real time, anyhow it is found and can be found again!
Below is a 15 min chart of $SPY on 12/6/18 . The market was plummeting like a rock per-market with news that the CFO of Huwei the Chinese phone maker the 3rd largest behind Apple and Samsung was arrested on charges of selling products to Iran in spite of sanctions by the US. Anyways, I think the news is a catalyst for already setup waves to progress and some how make sense. The bottom happened at wave 5 and I saw a impulse move of wave 1 and mistook the A move to be part of a ZigZag and placed a trade on the arrow mark thinking that will be the 2nd leg of a ZZ, but instead it turned out to be a wave 2 and then the wave 3 progressed after that and now in postmarket is a wave 4 , possible that the wave 5 would even terminate in the per-market.