jtverr - just one quick comment on wave structure (your 4th wave
would be completely disproportionate to wave 2) The rally was
nearly 50% on SPX which is much more representative of a larger
degree wave (like a B wave). Again, my advice is to not get
bogged down with that but respect your triggers. Just keep
using what is working for you on trading - kudos.
Respect the prevailing trend until evidence changes is what
works for me and the prevailing trend has been down - there is a
reversal setup now to monitor but I want to see a
trigger.
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jtverr - just one quick
SPY. So much for the ABC. Now we have five ...
Posted by steve on 8th of Feb 2018 at 04:43 pm
jtverr - just one quick comment on wave structure (your 4th wave would be completely disproportionate to wave 2) The rally was nearly 50% on SPX which is much more representative of a larger degree wave (like a B wave). Again, my advice is to not get bogged down with that but respect your triggers. Just keep using what is working for you on trading - kudos.
Respect the prevailing trend until evidence changes is what works for me and the prevailing trend has been down - there is a reversal setup now to monitor but I want to see a trigger.