A note to those traders trying to learn this work.
It all can be overwhelming, but if you come at it from the angle that you are looking at a process in motion that needs energy to drive it to a goal.
My post #295 talks about the order of things.
Traders will argue forever about whether price structure is in wave 3, 5 or you name it. The unanswered question ,what is the end result traders are trying to achieve.
It is about what is the price structure trying to accomplish for instance,
1.Drop prices to buy low and absorb volume
2. Stage out of that absorbed volume slowly to drive prices to a target
3. When selling has found last of buyers reverse trend.
Your job is to find that energy in an aspect that will drive forth the desired outcome.
It all can be overwhelming, but if you come at it from the angle that you are looking at a process in motion that needs energy to drive it to a goal.
My post #295 talks about the order of things.
Traders will argue forever about whether price structure is in wave 3, 5 or you name it. The unanswered question ,what is the end result traders are trying to achieve.
It is about what is the price structure trying to accomplish for instance,
1.Drop prices to buy low and absorb volume
2. Stage out of that absorbed volume slowly to drive prices to a target
3. When selling has found last of buyers reverse trend.
Your job is to find that energy in an aspect that will drive forth the desired outcome.