Here is an updated chart from yesterday that clearly shows a C-D-E pattern with an impulsive break of the start of Wave E.
Anyone can label a chart, but I think it's good to label a Wave ii (for example) once there is this type of confirmation.
From here it is expected that an impulsive move continues to push higher and higher.
If this is a third wave, then it should not take that long to prove itself.
Key phrase: Prove itself.
A market should prove itself to you by giving you evidence of being in line with that particular wave's usual characteristics.
We all know Wave 3's are the strongest part of a move therefore it should be showing signs of strength and agility.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Anyone can label a chart, but I think it's good to label a Wave ii (for example) once there is this type of confirmation.
From here it is expected that an impulsive move continues to push higher and higher.
If this is a third wave, then it should not take that long to prove itself.
Key phrase: Prove itself.
A market should prove itself to you by giving you evidence of being in line with that particular wave's usual characteristics.
We all know Wave 3's are the strongest part of a move therefore it should be showing signs of strength and agility.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
