well all of this analysis is based on the grande assumption that patter i consisted of 5 movements, and then a second strong movements to the downwards which is counted ii.
i could have another count which is basically a-b-(c) and c is the current pattern which the pair is moving in.
the first assumption a having about c is also for it to be 5 movements. (i-ii-iii-iv-v)
for me movements i ii and iii are complete.
all of what am thinking right now is movement iv and v.
compared to (a) time wave (c) cannot be complete, because it still didnt take the time (a) took to form.
therefore, i guess that the pair is currently trading in wave iv of iii
basically, the pair still needs the following for the selling idea to come into action:
1. wave iv must complete, and wave v must complete. after this we will have i-ii-iii-iv-v (c) and we can sell from the high of v-c.
okay,
my other question here will be: can (c) enter (a) ?
yes. and it must enter its price category in order for the structure to be valid.
i could have another count which is basically a-b-(c) and c is the current pattern which the pair is moving in.
the first assumption a having about c is also for it to be 5 movements. (i-ii-iii-iv-v)
for me movements i ii and iii are complete.
all of what am thinking right now is movement iv and v.
compared to (a) time wave (c) cannot be complete, because it still didnt take the time (a) took to form.
therefore, i guess that the pair is currently trading in wave iv of iii
basically, the pair still needs the following for the selling idea to come into action:
1. wave iv must complete, and wave v must complete. after this we will have i-ii-iii-iv-v (c) and we can sell from the high of v-c.
okay,
my other question here will be: can (c) enter (a) ?
yes. and it must enter its price category in order for the structure to be valid.
