Steve thanks for the QQQ 30 min chart. I know we shouldn't get
bogged down in counts but on your 30 minute chart does wave five
have to at least equal wave three to be valid?
Nope and that's just a best guess as of know - trade the TREND
not the count. Break of Struture (taking out previous highs)
has the bulls in control on this time frame as well.
Fwiw Wave 5's are often similar to Wave 1s (not 3's)
QQQ 30
Posted by steve on 12th of Mar 2024 at 03:14 pm
QQQ - Chart Link
Steve thanks for the QQQ
Posted by DK on 12th of Mar 2024 at 03:21 pm
Steve thanks for the QQQ 30 min chart. I know we shouldn't get bogged down in counts but on your 30 minute chart does wave five have to at least equal wave three to be valid?
Nope and that's just a
Posted by steve on 12th of Mar 2024 at 03:24 pm
Nope and that's just a best guess as of know - trade the TREND not the count. Break of Struture (taking out previous highs) has the bulls in control on this time frame as well.
Fwiw Wave 5's are often similar to Wave 1s (not 3's)
Very helpful Steve, thank you
Posted by DK on 12th of Mar 2024 at 03:30 pm
Very helpful Steve, thank you