Wave Counts You can do easy when you use Pitchfork tool , it designed to understand Main direction along the side a deviation of the trend
for any stock to occur continues selling is not possible at one point selling will get exhausted and tend to correct , and at any given stock which is moving up it can not move up continues because at one point buyer will get exhausted , and market tend to halt or reverse for a small moment before resuming the trend in the same direction , and these halts or pauses are easy to identify with various tools , one of that would be Pitchfork
this tool has 3 or 4 standred deviation separating lines in it where the price will tend to tag the same and halt or reverse , Most common is 2 deviation where every one is aware of Bollinger band , next levels can be seen in this tool where we can see the extreme price behavior moving to 3 deviation , its rare and possible the price can move beyond the 3 deviation , once you place it correctly you can start counting and you can notice when price moves to extreme you can expect an reversal , and counter trend for short range ,
Now this is due for reversal i am looking this as end of wave 3 and counter trend for wave 4 will occur
So keep learning about the tools available in trading view and Keep trading in the direction of the trend
Good Luck
for any stock to occur continues selling is not possible at one point selling will get exhausted and tend to correct , and at any given stock which is moving up it can not move up continues because at one point buyer will get exhausted , and market tend to halt or reverse for a small moment before resuming the trend in the same direction , and these halts or pauses are easy to identify with various tools , one of that would be Pitchfork
this tool has 3 or 4 standred deviation separating lines in it where the price will tend to tag the same and halt or reverse , Most common is 2 deviation where every one is aware of Bollinger band , next levels can be seen in this tool where we can see the extreme price behavior moving to 3 deviation , its rare and possible the price can move beyond the 3 deviation , once you place it correctly you can start counting and you can notice when price moves to extreme you can expect an reversal , and counter trend for short range ,
Now this is due for reversal i am looking this as end of wave 3 and counter trend for wave 4 will occur
So keep learning about the tools available in trading view and Keep trading in the direction of the trend
Good Luck
액티브 트레이드:
Price responded today , One can look for short term up side from here