Disliked{quote} I place the origin on W1, not D1. From that down move, rallies progressed upward through the TFs through H16, with H16 returning down beginng on 27 July, bringing the entire system down from W1 through M1. This "down market" has up corrective bias that progressed through H8 starting yesterday (and at this moment looks likely to be confirmed through D1 at today's close). Therefore, I do not see this current run up to be a corrective move against the D1, but rather more likely to be working to take D1 up into a corrective rally against the...Ignored
OK yes true origin is W1 , the reason i say D1 is because using W1 all we can see is a few bars moving down , if we wait on W1 by the time we see price moving down the move could all be over , so by starting on D1 i am already ahead of the game and can see the move unfolding way ahead of time.
I think i have said this before , all waves next level subdivisions can be seen on one timeframe below , so my D1 chart is set up to show the developing W1 move and so on.
If D1 does move up into a corrective swing against W1 then i will see the beginning on D1
It may sound that i am making it out to be easy, trust me it is not because all waves from higher and lower t/fs are all nested and the difficult part is the initial identification of the beginning of a swing.
Follow The Markets Structure - Patience and Discipline
