is great with counting the waves. To benefit from an accurate count, one must know how to use the wave count. I have used the EW as a tool to help me with my swing trading. I endeavor to buy calls at the end of wave 2 &4 (or beginning of wave 1,3&5) and exit my positions (take profits at the end of wave 1,3,&5 (or beginning of wave 2&4). I have been exceedingly successful with BHC
. Of course those who have been following my BHC
chart (formerly VRX
) knows that I have charted a leading diagonal
. Looking at this chart, there is a lot of room to run. For those who are interested in getting in, look for the wave 2 correction to end before getting in. Of course, if you are into shorting, this is probably the right time to buy puts. All the best.