LeoYao

Welcome For Discussion:Five Wave With resistance from zones?

FX:USOIL   Crude Oil (WTI)
575 6 21
Welcome For Discussion:Five Wave With temporary resistance from zones?
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.
snapshot

Reply
if you want an impulsive wave, the 4 wave can't overlape of th wave 1 . you should label it abc.
Reply
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.
Reply
LeoYao gcplau
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.
Reply
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.
Reply
LeoYao gcplau
Thanks man, wish u a very big win. :)
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out