Coreg's EW+HP+D/W Range

Quoting Coreg2004

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{quote} rehmatkhan, keep in mind, that this is only how I see the market unfolding. Different labeling is not necessarily wrong.

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Quoting rehmatkhan00

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{quote} Divergence on RSI {image}

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Quoting Coreg2004

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{quote} It doesn't look like a strong impulse wave but can be an ending diagonal (possibly). {image}

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Quoting Coreg2004

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{quote} It doesn't look like a strong impulse wave but can be an ending diagonal (possibly).{image} updated 30M chart.{image}

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Quoting rehmatkhan00

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Gold on one hour. {image}

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Quoting Coreg2004

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{quote} It doesn't look like a strong impulse wave but can be an ending diagonal (possibly).{image} updated 30M chart.{image}

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Quoting Coreg2004

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{quote} Why did I mark waves (ii) and (iv) in these places? Because I was looking for the biggest corrections in time and price after the swing-up ( Robert Miner), W.D. Gann called this an overbalance of time and/or price. It's a simple but reliable way to help determine whether a section is complete. {image}

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Quoting Fardeen1209

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{quote} I have different Gold labelling Your A is my {4} {image} My 4 ends at 38.2% of ext. 3 (extension 3 which exceeds 162% of 1 but less than 262%). While end of 5, both fractals and minimum Fib. extension (based on 0-ext.3) are met. Market reverse from there producing the corrective a. 2613 seems legit end of retracement for {4} (at 38.2% of {3}). But if next possible major wave is a corrective one, we might see some internal structure inducement while intact external structure [saw it couple times on nas100(before correction)], so 2600 level...

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Quoting Coreg2004

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{quote} Fardeen, when we label the swings we always have the choice to go with the other options and then trade what we marked. All is good as long as we follow the 3 cardinal EW rules. I often marked the SH/SL using guidelines for the potential end of a wave zone. I have the note on the chart "end of reg. wave 5 or ext. wave 3"

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Quoting Fardeen1209

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{quote} Agreed sir. Either way, corrective 2 is simple, then 4 tends to be a shitty one. But whether 4 or A, profit is print when we are on the move down "I often marked the SH/SL using guidelines" Best advise is this. When we are already at 100%+ of the previous swing, chances for retracement becomes more probable.

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Quoting Coreg2004

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{quote} Fardeen, it's hard to label the correction, especially on smaller TF b/c it can take any form and there is a high probability it won't be correct. So going with the zone for the end of the wave seems logical. And we have the luxury of making adjustments. Why do traders trading based on other methods allow adjustments at any moment, but Ellitisions must have perfect labeling on the 30M chart that will last forever?

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Quoting Coreg2004

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{quote} Why did I mark waves (ii) and (iv) in these places? Because I was looking for the biggest corrections in time and price after the swing-up ( Robert Miner), W.D. Gann called this an overbalance of time and/or price. It's a simple but reliable way to help determine whether a section is complete. {image}

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Quoting Fardeen1209

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{quote} They just want to burn us. Because they saw, even when our labelling is sometime incorrect, we were positioned on the right side of the market, which already gives us a positive market expectation. They hate it, because idk, may be their system don't give them this privilege.

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Quoting Coreg2004

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The second target after abc correction is @1.3397 after that the yellow zone for the daily range extension is between 1.3405-1.3427 {image}

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Quoting rehmatkhan00

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If this is the completion of third ABC we should see some correction otherwise it can shoot up to 3440 {image}

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