DislikedYes, I'm looking at waves 3 to 5 on your chart and they are so zig-zaggy... I detest that: you want to get in but it looks so much like ongoing correction that you hold back and wait for a clear sign. Time passes and eventually you realize a bigger correction is unfolding - it's all over and you we're waiting like a scaredy-cat... Other times it seems so clear - wavecount, indicators, news - everything lines up, you get in and get closed out by a move that confirms your alternate count !Ignored
Look at the C wave of the abc correction, i simply couldn't call the top, or anything close! and then worse, (not shown on my chart, but check out the following minor 'c' wave of what i've labeled wave 'ii', it looked so small i thought it was merely 'a'! I was calling the down move a (further) irregular 'b' for ages! I was so sure we would retest the breakout of the weekly wedge! So yes, i had a position, but it was so small, cos i was sure we would soon head back up for a 'c' wave... it never came!
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