RA
rat89
Rep: 0
Posts: 7,015
wave counts for gld and gdx minor 1 likely ending in here soon
Click image for original size
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
Hi, rat.
I use wave counts a lot and Cable moves in 5 waves, like in Elliot model, which is not the case for all instruments.
The problem is, many times wave 2 and 4 will be of very different sizes, quite often W4 will break W2 level, which makes both analysis and trade management difficult.
I use wave counts a lot and Cable moves in 5 waves, like in Elliot model, which is not the case for all instruments.
The problem is, many times wave 2 and 4 will be of very different sizes, quite often W4 will break W2 level, which makes both analysis and trade management difficult.
Originally posted by rat89
wave counts for gld and gdx minor 1 likely ending in here soon
RA
rat89
Rep: 0
Posts: 7,015
I'm not an expert in ew, but for some reason, everything seems to lead there. Ew is the answer to why sometimes a perfectly good setup fails - usually because there is a wave 4 in play. Waves 2 and 4 are meant to cause the greatest amount of doubt as to the primary direction, and they do a great job.
Originally posted by MarcinO
Hi, rat.
I use wave counts a lot and Cable moves in 5 waves, like in Elliot model, which is not the case for all instruments.
The problem is, many times wave 2 and 4 will be of very different sizes, quite often W4 will break W2 level, which makes both analysis and trade management difficult.
Originally posted by rat89
wave counts for gld and gdx minor 1 likely ending in here soon
