Thank you Steve. If you have time, can you elaborate on your
comment about "triangle pattern happens on 4th wave or B only"? I
am not that familiar with wave counts.
The simple conclusion here is that triangles indicate a
consolidation period prior to a final move - the extent of the
final move can be quick or extend. If you wish to learn more
you can do a web search and educate yourself about wave structures
but this is something that will take time to comprehend. My
advice is to trade what's in front of you in accordance with your
methodology (trading approach) within the context of your
plan.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Tuesday Newsletter
Posted by steve on 15th of Jun 2021 at 07:04 pm
Tuesday Newsletter
Thank you Steve. If you
Posted by lapri24 on 16th of Jun 2021 at 12:47 am
Thank you Steve. If you have time, can you elaborate on your comment about "triangle pattern happens on 4th wave or B only"? I am not that familiar with wave counts.
The simple conclusion here is
Posted by steve on 16th of Jun 2021 at 07:57 am
The simple conclusion here is that triangles indicate a consolidation period prior to a final move - the extent of the final move can be quick or extend. If you wish to learn more you can do a web search and educate yourself about wave structures but this is something that will take time to comprehend. My advice is to trade what's in front of you in accordance with your methodology (trading approach) within the context of your plan.