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tst
Aug 7, 2017 2:22 AM

DAY TRADE 

WTI CRUDE OILTVC

Description

Trying short trade on the 'e' wave of potential triangle. Have a nice 5 wave on the lower time frame ending at a appropriate point 'd'...

Comment

profit taken at target watch other side for breakout...

Comment

I feel that it could push towards 50 but haven't got solid set up so will leave it as is.
Comments
Alexander_Nikitin
in your lower timeframe... Five subwaves of the third wave... Third wave is always an impulse. Subwave 4 cannot overlap subwave 1. Think about alternative count.
tst
@Alexander_Nikitin, Hi, yeah thanks. very small overlap that is just wicks on a 15min. I use a bit of discretion to try and get whats the best fit which means in some instance i can ignore a wick or engulfing/rejecting price action etc..
ernstschwarz
@tst, in my oppinion it is a good idea not to stick too much to the numbers and "rules" of wave counts and stuff other people developed years ago.
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