Disliked{quote} This is my count on Daily. And you should know why i counted this not as 1-2-3-4-5 waves. (old discussion ) Black wxy in wave one has a retracement of y=138.2% this is for me very importand for counting (if wee see wave z) for the targets!!! for me crucial point is 1.0950 - 1.09538 for 1.0656 (minimum)area now. has been indicated here ---> http://www.forexfactory.com/showthre...76#post8149176 http://www.forexfactory.com/showthre...82#post8157882 Anyway i closed my shorts today nicely with round...Ignored
Hi Schickeria,
I do not know how many times I have read the EWP, but each time I find something what slipped my eyes beforehand, or does annoy me.
This time I found, that in a zigzag, wave A "ALMOST ALWAYS" develops as an impulse. Translation: in rare cases it may develop as zigzag or flat?
So when we look at the RULES of a flat, it states, that the B-wave has to retrace at least 90%.
OK, so now let us look for a RULE for the B-wave of a zigzag: there is no rule.
There is only a guideline which says, that a B wave "TYPICALLY" retraces between 10 and 79% of the wave A
WTF: so now we have no clue, in the end, if a correction unfolds as flat or as zigzag........
How can I have missed this one out all the years?
So looking at the EU chart:
from the low to the 1.10x high it was a three waves move, but the following retracement was not deep enough for a flat.
Conclusion:
may develop as a zigzag, where highest probability is, that wave A = wave C
or:
we get a complex WXY up
or:
leading diagonal up (but I rule this out, because most/nearly all LD's develop as impulses and not zigzag. Add to that: they are rare.
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