yeah I can see that, but it's also probably a 5 of some sort,
could be a 5 of 3, because of the simple fact that you have MACD
divergence
wave 5's always have MACD divergence, or almost always do,
whereas wave 3's do not - that's one way I can tell on a given time
frame if it's likely a 5 or a 3.
again it's all fractal - you might have a 5 on a smaller time
frame along with your MACD divergence, but then a wave 3 on a
higher time frame with no MACD div
and not shooting the messenger, just using that as an
educational tidbit for others regarding the MACD divergence and
wave 5's
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yeah I can see that,
SPX and QQQ wave v
Posted by matt on 17th of Sep 2024 at 12:32 pm
yeah I can see that, but it's also probably a 5 of some sort, could be a 5 of 3, because of the simple fact that you have MACD divergence
wave 5's always have MACD divergence, or almost always do, whereas wave 3's do not - that's one way I can tell on a given time frame if it's likely a 5 or a 3.
again it's all fractal - you might have a 5 on a smaller time frame along with your MACD divergence, but then a wave 3 on a higher time frame with no MACD div
and not shooting the messenger, just using that as an educational tidbit for others regarding the MACD divergence and wave 5's