So the first 5 wave up from a bottom is a tricky one to call because until it completes it could be a 3 wave corrective wave that sucks you in then extends down leaving you on the wrong side of the trade, correct?
Yes, 1st waves often overlap. Diagonal triangles are also common as first waves. If it is a 1st wave then the correction here will take us below 10025.
Steve
ReplyDeleteSo the first 5 wave up from a bottom is a tricky one to call because until it completes it could be a 3 wave corrective wave that sucks you in then extends down leaving you on the wrong side of the trade, correct?
Yes, 1st waves often overlap. Diagonal triangles are also common as first waves.
ReplyDeleteIf it is a 1st wave then the correction here will take us below 10025.