In the previous idea we identified a bullish fractal - price behaviour identical to early April. Today the price broke from the channel confirming the setup. From the trading perspective, I was lucky to indentify optimal buy points on a pullback: Currently, there are two target zones for buyers, drawn on the chart. Oscillators and moving averages have confirmed the upside bias. Also, don't forget about XLM as it is following the script.
HI, i was amazed that your wave is so familiar to me. i spend tens of thousands of dollars to study how to trade ,but wave theory is confused me a lot. in your graph the way that count wave is so familiar to me. i can tell that our method is very similar. but in your graph i think that the interval between ii and iv is different that they are no in the same level. but from the result your mark is better. so can i ask why you mark like that ?
UnknownUnicorn2195620
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@haha1949,by the way i study trade from luke, who teach trend trading method. have you heard of it ?
Nickonomics
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@haha1949, No, never heard about him.
Nickonomics
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@haha1949, There is room for interpretation as far as intraday waves are concerned. The goal is to see the bigger picture, I think.
Smart but I don't trust always fractals cause you never know when they change idea. But so far your theory is solid!
Nickonomics
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@magu717, Of course, fractals are not self-sufficient. There are so many other indicators that I track. I use these chart formations as a means to summarize all indications in a simple and stylish way.