Matt, let me ask a few questions for educational purposes. A
retest of the broken triangle -- formed in wave 4 -- at the open
today was wave 2 of 5, wasn't it? Then a steep decline to a new low
was wave 3 of 5, and a high low was wave 5 of 5, wasn't it? If so,
this count is incomplete or inconsistent. What other labeling could
you suggest?
Also, how does wave 5 normally look in terms of patterns?
I am more comfortable identifying the patterns and then
reconstructing the wave structure, as wave 2, 3 and 4 look very
distinct from each other. Kind thanks to you for responding!
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Matt, let me ask a
An excerpt from McHugh
Posted by junkie on 28th of Jan 2010 at 03:32 pm
Matt, let me ask a few questions for educational purposes. A retest of the broken triangle -- formed in wave 4 -- at the open today was wave 2 of 5, wasn't it? Then a steep decline to a new low was wave 3 of 5, and a high low was wave 5 of 5, wasn't it? If so, this count is incomplete or inconsistent. What other labeling could you suggest?
Also, how does wave 5 normally look in terms of patterns?
I am more comfortable identifying the patterns and then reconstructing the wave structure, as wave 2, 3 and 4 look very distinct from each other. Kind thanks to you for responding!