Please look at the chart for Wave counting By using MACD
Komen
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Komen
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Komen
captain_smollett
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Many thanks for sharing this, Sir! I just would like to ensure I understood your point well...
Would this be a 1-2-3-4-5 with an ABC correction already started?..
captain_smollett
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Or, in this example, Wave 5 is still pending?
Wave-Trader
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Again Eagle eyes mate. you have got the concept.
captain_smollett
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Thank you! Not an eagle-eye, just learning =)
Would it be correct to say then that MACD usually goes into an opposite way to the trend, when corrective waves finish? Lets say we are in a downtrend, therefore waves 2 and 4 would bring MACD above or close to Zero?
Wave-Trader
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Absolutely you are right man. Very nice pick mate. Eagle eyes.
Ali_Wibowo
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how about this...
Wave-Trader
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Very nice my friend. according to rules 3rd wave must not be shorter than 1st wave but here 3rd wave mat extend at 5th wave.
Ali_Wibowo
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I tried to follow your analysis, based on my knowledge with techniques dow :)
Ali_Wibowo
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I'm glad to see your post, because I can learn, may god bless you
Would this be a 1-2-3-4-5 with an ABC correction already started?..