HOW TO COUNT WAVES IF WE'VE BEEN ON THE BULLISH TREND.
I thought we've been bearish since 2075 but I sort of noticed that I've been wrong since 1676.
When I make a mistake in counting, I look back at previous waves to find some tips and I got something.
Here is just one idea.
If we've been on the bullish trend, previous waves can be thought of as below.
01...1677 - 1795 (impulse)
12...1795 - 1774 (zigzag 3 wave correction)
23...1774 - 1809 (impulse)
34...1809 - 1780 (simple 1 wave correction)
45... Above 1809 (impulse)
12 was a zigzag correction, so it makes sense that the last 3 days' strong drop,34, is a simple 1 wave.
If my counting is correct, the strong bullish wave would come to break 1809.
I'm not sure yet if it's really bullish or not though because 1797 was broken yesterday, I'm getting bullish.
We'll see after either 1809 or 1774 is broken.
Erasing all TLs and other stuff, we can see the price moves very clearly.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
When I make a mistake in counting, I look back at previous waves to find some tips and I got something.
Here is just one idea.
If we've been on the bullish trend, previous waves can be thought of as below.
01...1677 - 1795 (impulse)
12...1795 - 1774 (zigzag 3 wave correction)
23...1774 - 1809 (impulse)
34...1809 - 1780 (simple 1 wave correction)
45... Above 1809 (impulse)
12 was a zigzag correction, so it makes sense that the last 3 days' strong drop,34, is a simple 1 wave.
If my counting is correct, the strong bullish wave would come to break 1809.
I'm not sure yet if it's really bullish or not though because 1797 was broken yesterday, I'm getting bullish.
We'll see after either 1809 or 1774 is broken.
Erasing all TLs and other stuff, we can see the price moves very clearly.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉