Hello guys
We have 5 sub-wave correction which form 3-3-3-3-3.
If we expand our view we see that in each symmetrical triangle we have ABCDE.
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Note: this is not backtesting, just an observation of some pairs in the last week.
All of these can be seen as ABC, but I like to chart it as ABCDE and see that E is not coming in the way. I spotted this behaviour on various pairs and time frames, but the last week provides nice summary to be put in one place. They provide nice RR, but require patience :) And of...
TECHNICAL
In that kind of scenario, you should understand that power of moves depends on how many investors are looking in the same way. The triangle represents well that vision.
Monthly investors don't have any signals to feel that is the time to enter. We still are in the huge correction we began few months ago. So if monthly investors are not buyers, they...