Disliked{quote} . 3) The number 3, is the magic number in trading, you see this number repeat itself in many forms , e.g. :three motive wave of Elliot, Three harmonic drive wave, three time touch before breaking a trend line, in channel trading ,etc... , in all of these situation again you see 1 out of three or four will fail, when trading with the trend and around 50% failure rate when trading against the trend. 4) If for example ,the price is trending upward, according to this rule,you may expect 3 NSH followed by 2 NSL , before price continue to go up...Ignored
Always trade your own plan...I don't provide trading signals.
3