EXCAVO
Panjang

CRUDE OIL (aggressive daytrading)

NYMEX:CL1!   Minyak Mentah Ringan Pasaran Hadapan
First char of oil             in 2017
Perdagangan aktif
Perdagangan aktif
Perdagangan tutup: hentian tercapai
EXCAVO CHANNEL: https://t.me/excavochannel
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Idea Berkaitan

Wave 3 can never be the smallest.
Basics...

https://www.screencast.com/t/yi94gTO9C
+1 Balas
Great, I also think we can break out up of this structure (blue channel).
Notice that your supportline and the 2 local tops build a parallel channel.
But your wave count breaks EW rules: 4 must be above 1 and 3 cannot be the weakest wave.
Balas
@koryu, here is my count zoomed in 30min chart, your 4 is my 2
snapshot
+1 Balas
Why would you take upside trade as indicated on your chart? Do you go by Stoch indicator or when indicator and your trendline (pattern) in confluence? Just curious and educational purpose.
Balas
incorrect counting imo
Balas
hao.deng.m Labworx
@Labworx, pls show us the correct counting.
Balas
Labworx hao.deng.m
wave 3 can never be the smallest

... basics ...

https://www.screencast.com/t/yi94gTO9C
+1 Balas
thank you for your chart, but are you sure it will be going up, as I can see it will go down and then it will go up from around (51.01)
Balas
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