Dislikedhe itme is it possible for a wave-3 to be the shortest in a correction, or not possible?Ignored
Tra-X
High Risk/Low Reward Ratio Trading System 108 replies
High risk reward experiment 0 replies
Low Risk/High Reward trading 4 replies
Good reward/risk ratio experiment 20 replies
Results for Low Risk,High Reward 11 replies
Dislikedhe itme is it possible for a wave-3 to be the shortest in a correction, or not possible?Ignored
Dislikedso what do you think about cable? is it still possible to be in a large wave-c?
if so wave-b would have finished itīs top at 1.9730 [do you mean 1.9720?] and we are now in a downtrend in a wave-5 of wave-c.
or the large wave-c has finished at the low of 1.9182 and we are now in a wave-5 upwards. waves 1,2 and 3 are completed and now we are in wave-4 heading to 1.9500-1.9470.
i tend to believe the second one.
any ideas?Ignored
DislikedWhat I think may have just happened with EUR/USD is a Wave 4 A-B-C down from 1.3410 to 1.3253. On the other hand, it may be that we have only seen the 1-2-3 of a downwards Wave A of a larger Wave 4, which means the recent upwards move was a smaller upwards wave A of an upwards smaller wave 4. If this is the case, then the downwards wave 3 of the larger Wave 3 was the smallest wave, which is improbable though possible imho. Note that the analogous Wave 3 on GBP/USD was not the shortest wave. The wave pattern there is fairly conforming. The world is imperfect, and any and all wave patterns can and do occur. Only the norms are probable, but not determined.Ignored
Dislikedhi itme,
where u get EW analysis chart for GU above? can i get the link?Ignored
DislikedThanks, Oedipean, for another good chart. The waves labelled 1,3,5 could be in fact 3.1, 3.3, 3.5 of an extended third wave. The first little upwards wave you didn't label could be wave 1. If that's the case, then we can go to a new high soon. Let's see what the news today can do to bolster the EUR/USD. That may be the determining factor.Ignored