Posted by ruscitti on 19th of Jul 2017 at 08:44 am
I love EW analysis, but I find some of this "must happen" crap
distracting. Even if he is right,I don't think it helps
anyone be a better trader. The way EW is presented on this
site is far superior. Project, monitor and respect your
triggers.
thanks for the feedback, that's why we rarely show EW. We
only show it when it's more obvious than normal. One thing we
have learned is wave 5's have divergence on the MACD, if you don't
see divergence on a MACD then it's not a wave 5.
Also you use EW in some respect without knowing it: We are
always saying that true rising and falling wedges have 5 waves not
3, and have MACD divergence, that's an EW pattern.
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I love EW analysis, but
Calling for market top within next three weeks
Posted by ruscitti on 19th of Jul 2017 at 08:44 am
I love EW analysis, but I find some of this "must happen" crap distracting. Even if he is right,I don't think it helps anyone be a better trader. The way EW is presented on this site is far superior. Project, monitor and respect your triggers.
thanks for the feedback, that's
Posted by matt on 19th of Jul 2017 at 10:22 am
thanks for the feedback, that's why we rarely show EW. We only show it when it's more obvious than normal. One thing we have learned is wave 5's have divergence on the MACD, if you don't see divergence on a MACD then it's not a wave 5.
Also you use EW in some respect without knowing it: We are always saying that true rising and falling wedges have 5 waves not 3, and have MACD divergence, that's an EW pattern.