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Welcome For Discussion:Five Wave With resistance from zones?

FX:USOIL   Crude Oil (WTI)
574 6 21
Welcome For Discussion:Five Wave With temporary resistance from zones?
gcplau
3 months ago
Theoretically Wave 4 should not go inside Wave1~2 zone, further Wave 4 used to be shallow corrective. This is how I count the USOIL, but honestly speaking I found Wave apply to Oil is not as good as fx, having said that, that's for me only.
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felix997 gcplau
3 months ago
if you want an impulsive wave, the 4 wave can't overlape of th wave 1 . you should label it abc.
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gcplau
3 months ago
Two more points,(i) if you look at the MAs, rarely Wave 4 can cross MA50 to such an extent (and prior mention that Wave 4 should not go inside Wave 1-2) ; (ii) supposingly you should be able to count Minor Wave 12345 in each segment of the
wave, but if you look at the Wave3-4 you count, it's very difficult to rationalize a Minor-Wave-12345 in it. Just my two cents.... always could be wrong, cos' DanV always can see my miscounting. Get DanV to give you a pro Wave advice if you can.
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LeoYao gcplau
3 months ago
nice sharing. The wave theory is most difficult to apply to real trading and i am not expert in wave. Ur comment impressed a lot. :) Thanks.
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gcplau LeoYao
3 months ago
just my two cents....i'm hoping later some Pro will correct my mistakes here....lol but i want to thank as well to Blue, Lawlee, DanV, Jack, LeoYao who guided or inspired me in my journey til I save the money for a proper training.
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LeoYao gcplau
3 months ago
Thanks man, wish u a very big win. :)
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