MUCH EVIDENCE , KEY LEVEL BROKE AND POWERFUL TRENDS.
Comments
DanV
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Thanks for sharing your analysis and hope you won't mind me commenting
As explained in the chat, I believe the the labels on your chart are very misleading.
If you mean to just point out HH & HL then you should not have numbers as most looking at that chart will take it as EW labels and they would be completely wrong.
The you suggested that it is Wolf Wave - if you mean that then at point 5 Wolf Wave would suggest reversal and here you have continuation.
Can't see the logic of your chart here at all.
Personally I think you have to decide if you are suggesting continuation or reversal. Then make up your mind on if it will be EW or Wolf Wave or just HH & LL, then we can speak the same language. As it is it is just misleading and wrong. May be you should give bit more thought to your charts you publish and consider what you wish to convey and what you wish to teach. It would have greater appeal to all than just be a a piece jump up an down about.
Of course I could be completely wrong and have misinterpreted your chart altogether in which case I apologies.
ForexMillionairez
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thanks for the advice, personally my analysis is just to see a bounce of the trendline.. i just drew the numbers on each swing, thanks for advice
As explained in the chat, I believe the the labels on your chart are very misleading.
If you mean to just point out HH & HL then you should not have numbers as most looking at that chart will take it as EW labels and they would be completely wrong.
The you suggested that it is Wolf Wave - if you mean that then at point 5 Wolf Wave would suggest reversal and here you have continuation.
Can't see the logic of your chart here at all.
Personally I think you have to decide if you are suggesting continuation or reversal. Then make up your mind on if it will be EW or Wolf Wave or just HH & LL, then we can speak the same language. As it is it is just misleading and wrong. May be you should give bit more thought to your charts you publish and consider what you wish to convey and what you wish to teach. It would have greater appeal to all than just be a a piece jump up an down about.
Of course I could be completely wrong and have misinterpreted your chart altogether in which case I apologies.