I was looking at a triangle correction that seems to have finished, wave 1 up completed and wave 2 aldo probably complete. Looking to trade wave 3 and 5 of 1
Komen
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great move after the bottom
Komen
AntMybuck
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Hi! thanks so much for sharing these ideas! have a question on AUDUSD. why do you think it's not a wave 5 down?
AntMybuck
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don't know how to publish my chart here.. I meant Daily move down from 1.0500
TAS_is_Goliath_Capital_Growth
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you publish on the blue button at the bottom, then copy the link and paste here
AntMybuck
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TAS_is_Goliath_Capital_Growth
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Thanks for the chart. This could also be. What I'm looking at is after your wave 3 (same as mine) we have a wave A, the a triangle B and a wave C missing. My up move is that C that's missing, then I agree we are on a wave 5. But both could happen.
AntMybuck
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interesting! thanks for explaining this. may I ask what's your favourite book/site for better waves understanding?
TAS_is_Goliath_Capital_Growth
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Something like this. I know of no site. Books, I've read the Robert Prechter ones, Robert Balan, and severall others. I don't use only wave count on my charts, but I clean them up because then they would have many lines and nobody would find them helpfull.
AntMybuck
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thanks again. I also hate all that noise from indicators. but what's hard with waves for me is that there are a lot of uncertainities (like that one with AUDUSD). i wish I could read all this much better
AntMybuck
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Thanks now I know this )
TAS_is_Goliath_Capital_Growth
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wave 2 should end on a 5 wave down on a lower timeframe. Show your chart so I can see what you see.