It appears that wave 3 of 1 of 5 of (3 or C) is right on schedule.
welcome friend.
I have attempted a count before this wave ends and a projection.
Note that the count of sub-waves may be off. (so what is new ??).
Projections are for exercise purposes; they are not forecasts.
They are actually Fibonacci projections.
If you are interested, there is a lot of material on the web on Fibonacci projections.
Note of caution: you cannot trade someone else's count.
You must come up with your own count.
Why you may ask.
It is best to identify your own count; this way you will know its assumptions, possible inadequacies and have a clear understanding regarding points of count verification - points of count rejection.
Additionally, as I mentioned in my previous post, I think that the best use of an EW count, is as a filter to a good trading method.
cheers.
welcome friend.
I have attempted a count before this wave ends and a projection.
Note that the count of sub-waves may be off. (so what is new ??).
Projections are for exercise purposes; they are not forecasts.
They are actually Fibonacci projections.
If you are interested, there is a lot of material on the web on Fibonacci projections.
Note of caution: you cannot trade someone else's count.
You must come up with your own count.
Why you may ask.
It is best to identify your own count; this way you will know its assumptions, possible inadequacies and have a clear understanding regarding points of count verification - points of count rejection.
Additionally, as I mentioned in my previous post, I think that the best use of an EW count, is as a filter to a good trading method.
cheers.