Seems to me it depends too on what level the wave count is.
I think those higher levels are harder to put credence in,
since world events, etc. can negate a count that's been in place
for months. But I do put credence in an intraday chart w/ a
5-wave impulse down and then a 3-wave bounce for shorting (or the
reverse, etc.). As a rank amateur I've learned that much,
anyway, from BPT.
Seems to me it depends
"This time its different, I swear!"
Posted by frtaylor on 6th of Apr 2012 at 09:46 pm
Seems to me it depends too on what level the wave count is. I think those higher levels are harder to put credence in, since world events, etc. can negate a count that's been in place for months. But I do put credence in an intraday chart w/ a 5-wave impulse down and then a 3-wave bounce for shorting (or the reverse, etc.). As a rank amateur I've learned that much, anyway, from BPT.
Yep, sometimes they are textbook
Posted by steveo on 9th of Apr 2012 at 02:27 pm
Yep, sometimes they are textbook especially on the very short timeframes.