Trading Plan: Re-entry on 50% of prior swing, Re-Entry and Reversal on wave 3 target area

Instead of waiting for a pullback to the daily 50% level its also possible to re-enter long on a higher cyan bar at the 50% level of prior upswing:

another re-entry is possible on a higher cyan bar in the AB correction area:

Sometimes if the DP area acts not as support the Wave 3 Target can give a clear entry price:

The Wave 3 Target area usually provides a precise entry for a countertrend trade. So unlike in a DP area where usually a trendline has to happen for a save entry its ok to enter long at a higher cyan bar in the wave 3 target area (projected on a 30 min chart)

Exit after the first AB correction can be down below a lower red bar:

also for daily targets:

note: red and blue entry bars on session charts are calculated differently than on 24h charts:

if you are unsure how far a down move might last, consider using the minimum wave 3 (orange box) target on the S+P and on the Dow as minimum target. usually on the typical wave 3 (pink box) target a big move stops:

Also taking the other similar instruments in consideration for a trend change: