DislikedDoes anybody use Andrews pivot count? Here's my take on the EUR. Action in the EUR has been confusing(to me) as of late. The most probable outcome especially after todays action looks to be at least another push down.
I have the possible ABC correction, because it looked like the market would take out the highs of a couple weeks ago(it looks to have failed). Although the ABC correction is not a part of Andrew's count...I have seen it enough times to use it! Also the strength of this down move does indicate that it is move in itself and not a...Ignored
I use Andrews pivot counts on every chart I use, irregardless if it is time, tick, or range bar based. The euro has been a sassy little wench lately.
There is one alternative count I have been toying with (marked on a snag of your chart) but I do not like it much though it makes for a pretty package. I post it for educational purposes.
When push comes to shove, I am still looking to trade toward the south.
fwiw,
xt