Batavier have you read Bill Williams books on how to use the AO to count Elliott Waves?
A wave four goes sideways to down in a triangle usually. The AO has a divergence and
then heads to the zero line or lower when that happens. The whole process gets difficult
to unravel when that happens. As far as I can see your count is correct and should swing
back to HH HL now.
Always check what the HBF is telling you. Trade in the direction it is showing. At some point
we may get to Robotic trading and being in sync with the HBF is the only way that I have had
that work out.
My apologies to other people who have asked me to look over counts. I will try to find time
to post a bunch of them, review the process and give you some practice examples.
A wave four goes sideways to down in a triangle usually. The AO has a divergence and
then heads to the zero line or lower when that happens. The whole process gets difficult
to unravel when that happens. As far as I can see your count is correct and should swing
back to HH HL now.
Always check what the HBF is telling you. Trade in the direction it is showing. At some point
we may get to Robotic trading and being in sync with the HBF is the only way that I have had
that work out.
My apologies to other people who have asked me to look over counts. I will try to find time
to post a bunch of them, review the process and give you some practice examples.