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1 hour ago, Caseynotes said:

...  but on the M30 ...

134.69 looks to have been retested and rejected so one would assume a retest of 133.48 was next on the cards or at least a check to find support?




If it looks like a long on 4 hours and a short on 1hr or 30 mins then that's confusing :(


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But, I'm staying out as I traded the Elliot Wave from September 2019, and now I think it lacks direction. I feel like it is thrashing around because of the Covid-19 repercussions and waiting for a Brexit answer before setting off on a new trend.


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On 16/06/2020 at 13:08, dmedin said:

Still amazes me how some people find that useful.  I have tried to understand it and it just confuses me and makes me want to give up.

Sorry for not being on the forum in a while. I tried it in October / November... just a simple question, could you use a 0-1, 1-2 wave movement to predict a 2-3, 3-4 and 4-5 wave movement. I used Fib numbers to predict the last 3 waves once the first two were formed.  I made a very small long in October after the first up day of wave 3. I can't be bothered to calculate all those bats and butterflies and flying donkeys or whatever. I think it was simply luck that this followed the plot I had made. You can see that from time to time it deviates. I have not traded Elliot waves since.

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