this is my second monthly chart.
am trying to find out a price point at which a complete movement is finished.
for me a complete movement is a 81 abc sub movements:
abc - i
abc - ii
abc - iii
this is 9 movements of (1) of (3)
i always start my recognition process by counting a simple abc count on the monthly chart.
i do this for two main reasons:
1. to recognize a repetitive structure
2. to identify a price point to start my weekly count from
i see that right now, the pair is repeating a downward structure from december 2002