12.11 Waiting for Key Short Position
After reaching the key level in this wave, we may use this position as an entry point for a trend when holding short. If there is no trend and one wants to hold a trend, a trend short can be made, but one must be mentally prepared to accept stop-loss and take-profit after a rebound.
Just focus on defense; do not walk with the inexperienced, and avoid taking both long and short positions simultaneously. Properly manage your positions.