Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.
Wednesday, May 6, 2009
Alt Count
Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.
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Hi Bob,
ReplyDeleteI am ok with where you labeled A(Red), but your labeling of B(Red) I dont understand. It looks like you are labeling it as some kind of running double Zig Zag which is not possible. The W confuses me. Usually when I label a double zig zag I either label it as abc-x-abc or abc(w)-x-abc(y).
Also your labeling of C(red) is a little confusing too. It looks like you are labeling it as a double zig zag again. In the last C you sub divide the last five waves and they are distinct. Although this could be correct it doesn't look right.
I hope this helps out, let me know if I miss understood anything. If it makes you feel better I dont see any count out there that I like.
Thanks Pedram,
ReplyDeleteI appreciate that you took the time to look at this count. I'll spend some time and learn the correct labeling for double and triple zig zags.
I asked you about the Red B in your blog, but if you wish to respond here that would be even better. At the moment we are once again at the top trend line. I hope it's finished right here!