I'm back.
I was busy getting some funded accounts.
Honestly, after that, before writing this, I deliberately took a longer time...
BECAUSE I DIDN'T SEE ENOUGH SUPPORT FOR MY LAST POST, SO CLICK THAT FXCKING LIKE AND FOLLOW ME.
Ok?
We were talking about waves, impulsive and corrective waves.
We'll start with corrective waves.
If this is your first time seeing this, you should start with the #1 idea.
Remember this basic concept:
You should avoid trading the correction, wait until it's finished, then take the impulsive wave.
I know you'll say... how the fxck I would know if the correction is completed?
Relax, you'll learn.
That's the job of wave analysis.
YOUR JOB IS TO CLICK THAT LIKE BUTTON.
So...
We were talking about 4 corrective patterns to look at.
Or six!
Anyway...
Logically, the regular flag is some kind of accumulation/distribution. It may come in 3 simple waves (ABC) like that one you see on the chart above, or 5 complex waves (ABCDE).
It has four simple conditions:
The central wave is often corrective, but it's not a required condition in today's charts (B wave in the case of ABC, or C wave in ABCDE).
The central wave is the key to understanding the correction. If you can correctly determine it, you will be able to say whether the correction is completed or not.
I know this won't be enough to explain if you're new... I will publish more details soon, especially since we'll focus only on this pattern.
I was busy getting some funded accounts.
Honestly, after that, before writing this, I deliberately took a longer time...
BECAUSE I DIDN'T SEE ENOUGH SUPPORT FOR MY LAST POST, SO CLICK THAT FXCKING LIKE AND FOLLOW ME.
Ok?
We were talking about waves, impulsive and corrective waves.
We'll start with corrective waves.
If this is your first time seeing this, you should start with the #1 idea.
Remember this basic concept:
You should avoid trading the correction, wait until it's finished, then take the impulsive wave.
I know you'll say... how the fxck I would know if the correction is completed?
Relax, you'll learn.
That's the job of wave analysis.
YOUR JOB IS TO CLICK THAT LIKE BUTTON.
So...
We were talking about 4 corrective patterns to look at.
Or six!
Anyway...
Logically, the regular flag is some kind of accumulation/distribution. It may come in 3 simple waves (ABC) like that one you see on the chart above, or 5 complex waves (ABCDE).
It has four simple conditions:
- The whole pattern must be corrective. Of course...
- Wave A must not break the low of the impulsive wave.
- The B wave must not break the high of the impulsive wave.
- The C wave must break the low of the A wave.
The central wave is often corrective, but it's not a required condition in today's charts (B wave in the case of ABC, or C wave in ABCDE).
The central wave is the key to understanding the correction. If you can correctly determine it, you will be able to say whether the correction is completed or not.
I know this won't be enough to explain if you're new... I will publish more details soon, especially since we'll focus only on this pattern.
