James, I am a bit unclear on this difference. My own definition
of trending means that DMI indicator is above 25. The distinction
between impulsive and corrective in EW speak is related but not
exactly pertinent, as we have seen last month and this month (the
price could be trending and still be corrective). The price above
resistance or below support like on Friday or today is suggestive
but not indicative either if the ATR is small. Any comments?
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James, I am a bit
systems update
Posted by junkie on 21st of Feb 2023 at 06:00 pm
James, I am a bit unclear on this difference. My own definition of trending means that DMI indicator is above 25. The distinction between impulsive and corrective in EW speak is related but not exactly pertinent, as we have seen last month and this month (the price could be trending and still be corrective). The price above resistance or below support like on Friday or today is suggestive but not indicative either if the ATR is small. Any comments?