I always wait for a correction to occur which is, for me, an area with multiple overlapping waves.
The blue trend line is my signal line and I enter when it breaks sharply. The Wave which breaks the blue trend line may be wave X, a new impulse (hopefully), or a failure 5 based on the Elliott Wave principles.
The blue trend line is my signal line and I enter when it breaks sharply. The Wave which breaks the blue trend line may be wave X, a new impulse (hopefully), or a failure 5 based on the Elliott Wave principles.
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