AKAM
AKAM is in the ‘c’. What does this mean? Well look at the other c’s in the chart and there’s your answer.
Yes, in my humble view, it’s ‘buy time’ between today’s close of $53.12 and say $50.00.
Now with a ‘c’ corrective you want to be buying either in anticipation of the turn into the 1 (on the way down), or after the ‘c’ confirms when daily price trades higher than the previous day’s high, at which point you are effectively buying into the impulse 1 up. Which one is better? For me, I prefer anticipation buys at support areas, using an intraday pattern to not only signal the potential turn, but also identifying a good area to place my stop loss order and limit my risk.
But buying a ‘c’ is as complex as you want to make it. In the end it’s all about the risk reward that you attach to the trade. Make the r/r numbers favorable and it doesn’t really matter which trigger you use.