hi Faylee,with due respect your wave count is wrong. Or your notations/labeling used are wrong. Right from where you started counting your wave (c) is not to be labelled as abc.....wave C is always 5 wave structure. in some cases wave (a) are 5 wave too (as in a zigzag). I will post a chart when i have time.
Interesting...I tend to put a limit buy for your C point and target for up as well. But your analysis is more thorough and better. But what's the difference to buy from the Minor C in compare to Minor E point? in terms of structure E is always safer.... but both Mc and Me point needs price-action & indicator confirmation, right?
Thanks for the sharing. Yes, I agree with you...always try to find an entry point that require less SL so as to improve the R/R, not sure if this logic is right. But finding such requires a lot of work and analysis and still no guarantee...so, finding a balance and an efficient way. When you call it abcde, is it more or less like Wave12345 ?