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Hi,
I have a question on video 16C Channels 1st topic New Trends begin in old trend
This is way to complex for my understanding of how to measure that. but my question is how important is this concept for analysis?
if analysed this correctly does it give an early indication of the start of the new trend? or is it to identify the starting point of the trend line?
I think it has to do with counting legs in PBs correctly. In slide 3 the point 3 is a H3 if you start counting at A but only a H2 if you start counting at B. This is important because many PBs end with 3 pushes so you will be more inclined to take the trade once you see a H3.
I think it has to do with counting legs in PBs correctly. In slide 3 the point 3 is a H3 if you start counting at A but only a H2 if you start counting at B. This is important because many PBs end with 3 pushes so you will be more inclined to take the trade once you see a H3.
thanks mate, very valid point. I did count it as H2 because I thought H2 buys are the best setup. I didn't know H3 is to be considered too.
