This chart did create an uproar when I first posted that I am looking for an up move!
So it has made the first impulse up, now it's consolidating, so i'm looking for the next impulse up.
Buying the break out is a great idea!!
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Thanks for the charts.. I am just learning this amazing method after wasting years trying indicators and EA's etc.
Not too sure how the wave counts work on such an up and down chart, but I am looking for a trend or the end of a correction generally.
I was thinking the whole movement up was a correction and am waiting for a break of the shorter trend lines down to go short in resumption of down trend...
Guess it doesn't matter so long as I don't trade until the break out either way!
But please comment on why price will go up... is a spike because of a news release a valid Impulse move?
Thanks for your help with these charts