DislikedIgnored
daddybearforex. com
Trading Cartoons and Pics 2,829 replies
EUR/USD Trading Room 328 replies
Do The Trading Room 20 replies
DislikedIgnored
DislikedI believe your outer space time is different from the Earth time. Are you talking about "our" new times?Ignored
DislikedMy wave B's formation is A-B-a-b-c[C]. So you are right. It is a 5-wave correction pattern. This means a 5-3-5 higher degree pattern is most likely with a zigzag formation.Ignored
DislikedNicely done.
But moral of the story is c is down and then up?
This is what I see.Ignored
DislikedLet me clear up the formation question. c is the portion which consists of 1-2-3-4-5.Ignored
DislikedLet me clear up the formation question. c is the portion which consists of 1-2-3-4-5.Ignored
DislikedVery clear now, thank you.
Again, that is what I see, just attempting to clarify that I interpret your analysis correctly.Ignored
DislikedA - B was a 5 wave also ? then ?
I thought EWP always moved 5 Waves up and 3 waves down and 5 waves up, and reversed for downtrend.Ignored
DislikedA - B was a 5 wave also ?
It depends.
I thought EWP always moved 5 Waves up and 3 waves down and 5 waves up, and reversed for downtrend.
It would be a perfect world to live. Variations are parts of EWP.Ignored
DislikedBecause H4 is still up. I'd be very careful when shorting this baby now.Ignored
DislikedA - B was a 5 wave also ? then ?
I thought EWP always moved 5 Waves up and 3 waves down and 5 waves up, and reversed for downtrend.Ignored
DislikedBecause H4 is still up. I'd be very careful when shorting this baby now.Ignored
DislikedHi Alien. Yes, the general premise of EWP is 5 up, 3 down, as that is the natural order of progress.
However, it is possible to have more complex corrective phases e.g. a 5-3-5 formation which is what DaddyBear is seeing and posting.
An example would be a zigzag where the zigzag is 5-3-5. It is corrective but more complex, usually because market requires more time or price to complete retracement. A is 5, b is 3, c is 5.
Does that help?Ignored
DislikedHi Alien. Yes, the general premise of EWP is 5 up, 3 down, as that is the natural order of progress.
However, it is possible to have more complex corrective phases e.g. a 5-3-5 formation which is what DaddyBear is seeing and posting.
An example would be a zigzag where the zigzag is 5-3-5. It is corrective but more complex, usually because market requires more time or price to complete retracement. A is 5, b is 3, c is 5.
Does that help?Ignored