DislikedGood Question, I was looking for a line that had pushed currency down on M5 and was a action reaction line. The best one that I could see was that red line. The first 3 touches at 4220 were obvious spot to choose the curve, and I was considering the other spot to be the spike at 4290, but it wasnt exactly fitting well, and I figured the spike at 4290 could be classified as a false break of red trendline.
The other thing that I noted was that in the Impulse that I had shown wave 1 is 57 pips, ususally wave 5 and wave 1 relate to each other by...Ignored
ok, so it sounds like a combo of circle trends and elliott waves (which I am not familiar with). I may be in over my head.