DislikedHi all I am wondering if anyone has come to a conclusion about what Skunny said about trying to figure out why some dont make it to the extensions/targets. I believe this is very important. He said we need may need to drop down a time frame to figure it out, so I am thinking if we are trading hourly charts we are dropping from the daily to the one hour to see why the daily might not hit the 138 Extension/Target. Any thoughts team?? JoeIgnored
I'm with Brunite...I don't even want to pretend I know with ANY certainty what's going on here within the framework Skunny's laid down. That being said, it seems to me that perhaps....we also need to go UP a TF or at least zoom OUT on the one we're looking at in order to see the greater cycle(s) that is(are) engulfing and ultimately trumping the smaller ones that go sour.
Skunny's answer to 4X4ever's post very nicely showed this need to zoom out to the bigger moves and really helped me see the cycle within a cycle thing much better.