in this educational post i have pointed out the high probability of a good market entry after a correction , this example is simple and the content is written by me not copied from any other resources
Thanks a lot for your post.
After the correction that finishes at c, the graph goes down to "i". Then it goes up again. Why don't you mark this peak as "ii"?. Instead you mark the next peak as "ii". So, from c it goes down to "i", then up (it has no mark), then down and then up to "ii"
Cruddest
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@contour2, it should be marked as a mini abc , i thought it would make it look complicated
contour2
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@Cruddest, Thanks.If the "peak with no mark" was higher than peak "ii", would it still be a mini abc? or the "peak with no mark" would become "ii"?
Cruddest
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@contour2, no that would make wave c short and the place of wave ii should remain the same :)
contour2
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@Cruddest, What I find the most difficult thing in EW analysis is to count properly the waves. Maybe you could make an ed. post explaning the rules to count them, with graphs, examples and doubts that can arise to newbies like me.Like the doubt I asked you before. When one sees the blue lines in your ed.graphs, it's easier to understand. But in an actual graph, I can't see how properly(logically) count the waves. EW is a very interesting topic. Thanks.
usra
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Thanks. I'd have love it if you could include some more details in text. But this is fantastic.
Cruddest
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@usra, will try to do my best to include that in the next post :)
yvofox
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All I can see is that you buy high and sell low!?
Or should I read this at the entry point that you're back into USD(T)
And by back BTC at the TP?
If so: shorting confuses me :p
Cruddest
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@yvofox, shorting confuses you :)))
bearish markets are important also :)
After the correction that finishes at c, the graph goes down to "i". Then it goes up again. Why don't you mark this peak as "ii"?. Instead you mark the next peak as "ii". So, from c it goes down to "i", then up (it has no mark), then down and then up to "ii"