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ecpa | Since I am unable to post charts I will try to explain. First off get yourself a monthly chart, Label that Sept low as Wave A. From that point you are going up in wave B. Wave B will be some sort of 3 wave move, labeled a, b, c,. Now look at your daily chart and try to see a three wave pattern to the upside. I can give you two reasons for having your count wrong. First, Wave 4 cannot "end" in the territory of wave 1! By that statement I mean it cannot close in the territory of wave one. Very carefully study your daily chart counts, You will see this same mistake on several occasions, If you see this happening, Then you begin to see what is called- wave subdividing. Very hard to understand at first. Second, wave three cannot be the shortest "impulse"wave in a 5 wave sequence. It could be shorter than wave 1, but then wave 5 Must be shorter than wave 3. Try to apply that to your chart. Take a look at the last 9 bars on your chart. How many waves can you count there? | |
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David ecpa
