ahhh.. so it's kind of supply and demand levels the way Sam Seiden teaches it...so if price bounces back into those level later they should hold as support/resistance ...
how you get your data? is it free?
how you get your data? is it free?
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Dislikedahhh.. so it's kind of supply and demand levels the way Sam Seiden teaches it...so if price bounces back into those level later they should hold as support/resistance ...
how you get your data? is it free?Ignored
Dislikedthe crucial question is if we finished wave 5 already or only wave 3Ignored
DislikedThe move off the Feb 29th highs is a correction thus it cannot be in 5-waves - too much overlap and an impulsive move lower does not fit in with the longer-term count. Look at the move lower from the Feb 29th highs as a correction - this will help you isolate a long entry point should you decide. I can tell you that entries at 1.02 are likely to be premature unless you are using wider stops (none of this 7-10 pip nonsense).
Always better to scale into trades as isolating the exact support level for a turn is really tough.Ignored
DislikedThe move off the Feb 29th highs is a correction thus it cannot be in 5-waves - too much overlap and an impulsive move lower does not fit in with the longer-term count. Look at the move lower from the Feb 29th highs as a correction - this will help you isolate a long entry point should you decide. I can tell you that entries at 1.02 are likely to be premature unless you are using wider stops (none of this 7-10 pip nonsense).
Always better to scale into trades as isolating the exact support level for a turn is really tough.Ignored