Disliked{quote} Oh and normally point C will exceed point A and end around the high of point 4 up to 1.618 of wave A... I am a basic Wave guy though so I am not sure what happens after point C fails to even get back to point A... Normally however after C we would go back into a new 5 wave count... With a failed wave C though... HMMM. Remember also one a 1 minute chart we are seeing the waves inside the waves that are inside the waves etc... That whole 5 count is one leg on a higher TF. I don't count waves in my CCI trading per say but I do watch how much...Ignored
I asked the question becos I thought maybe it would help with our trade management to know what to expect, so if I can decipher what you were saying, it should continue down, right???
You see thats all I ever want to know from a chart, is it going up or down?? Anything more than that for me is complete overload!!!
I think everyone will agree the charts we keep posting are probably the clearest charts they've ever seen in their lives and they have no doubt with just one quick glance as to whether they are going up or down?? That in itself makes it the simplest charts to trade ever doesn't it??
And of course the most incredible thing is they are all 1 minute charts!! You know the ones that are nothing but noise???
Hope you all realise this is a tongue in cheek post, please don't take offence anyone who lives and breathes Elliot waves, fibonacci levels, Gartley Patterns, etc etc they all have their place, when trading, in the dustbin!! Only kidding!!!
No the point I'm trying to make is lets keep this simple, lets just stick to our dear old friend the ABCD wave, thats as complicated as I want it to get simple as that.
So if you find yourself looking at a chart and saying "Is this going up or down" guess what you should do???? Reach for your Elliot Wave book? Put your Fibonacci levels on the chart? Try and make it fit a Gartley pattern ???
Nah!!!!!! Find yourself another chart where you know which way its gonna go!!
Course there's still every chance you're get it wrong but at least you've got half a chance of getting it right!!!
Feel the Fear and do it anyway!!!