RO
roofer
Rep: 3,689
Posts: 3,574
a concept i have picked up from the elliot traders the last few years is that when a 5 wave diagonal completes,with 4 overlapping 1, wave 1 mustbe> 3 and 3>5.... in the case of this chart of the QQQ, you can see that relationship and most important that if 5 went another 12 cents the diagonal for context evapoarates.... then it is simply a matter of using the tools of this forum to find an entry... in this case abcd tocomplete test and retest at lines from both smaller and larger set.









