DislikedHi I am waiting for correction to the entry areas. But such waves that move at a sharp angle rarely show even a 30% correction. Do you not trade back such waves or change the timing and price(ratio)? Or maybe the time frame should be changed to get a better view. Of course, you should assume that I know nothing!! With an empty mind, I ask the basic topics to be properly covered. Or we can take help from the previous wave & draw the correction zone like one of your analysis and get the...Ignored
A to B 100, H-M-L would = 8-3-8
A to B 50, H-M-L would = 9-4-9
(my custom fib tool can only display the proper scale numbers in the retracement area and starts with 10 in the extension levels, however the colors are in the proper sequence)( the standard tool in mt4 will work just fine for using the number sequence)
I did not cover any method for the time factor and I will not. I did point out that any stops should go below the A for any trades, so; depending on the sentiment of the market at that time any A is stopped out. If the sentiment has changed from long to short the trend has a increased probability of changing. Also consider I am using the Daily time frame to calculate the A B C D wave which can produce a large distance in the sequence.
MY GRID. Markets are NOT random.
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