guys - as an educational example that IWM chart Steve posted,
for those of you trying to learn some EW, one thing that
helped me early on is simply observing the price action and not
worrying too much about getting all the little counts down
that IWM chart you can clearly see that bounce as reflexive,
meaning it's very choppy and overlapping, it's NOT trending,
there's no 5 wave trend pattern there. When you see that type of
action, you know it's a consolidation move of some sort - you
are simply observing if price action is strong or
overlapping
guys - as an educational
Short IWM 15 Updated
Posted by matt on 9th of Nov 2022 at 09:41 am
guys - as an educational example that IWM chart Steve posted, for those of you trying to learn some EW, one thing that helped me early on is simply observing the price action and not worrying too much about getting all the little counts down
that IWM chart you can clearly see that bounce as reflexive, meaning it's very choppy and overlapping, it's NOT trending, there's no 5 wave trend pattern there. When you see that type of action, you know it's a consolidation move of some sort - you are simply observing if price action is strong or overlapping
That was what caught my
Posted by frtaylor on 9th of Nov 2022 at 09:43 am
That was what caught my eye. I mostly trade patterns.