Very, very good - Max. I like how the "A" wave did not get labeled until it broke above the upper parallel trend line. This is a key rule as shown in my first video and you seem to have nailed it. As to the "B" wave, down, my view is that they 'usually' stop and are reflected by that same upper boundary. That this one did not, likely means that "C" will be the weaker of a 50% vs 62% retrace, same as you suggest. But if prices are now above that upper channel line, "B" is likely over. Keep it up!
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twannanakashima 1 year ago
Very, very good - Max. I like how the "A" wave did not get labeled until it broke above the upper parallel trend line. This is a key rule as shown in my first video and you seem to have nailed it. As to the "B" wave, down, my view is that they 'usually' stop and are reflected by that same upper boundary. That this one did not, likely means that "C" will be the weaker of a 50% vs 62% retrace, same as you suggest. But if prices are now above that upper channel line, "B" is likely over. Keep it up!
ElliottTrader 2 years ago
What is wrong with the audio?
Schweizer135 2 years ago
Hey Schweizer, I'm going to re-record this video in afew min...
Just noticed the poor audio now.
Recorded it, Uploaded it and went to sleep lol. should have checked..
my appologies
Andronichuk 2 years ago