In this video I go through the waves once again in an attempt to find the correct count.
I have covered this market before but looking back, I feel like I over complicated things.
Sometimes the simple approach is the best approach but that comes with practice.
I find that the NASDAQ has a slightly different pattern compared to the Dow Jones.
Wave 3 is extremely long and when this happens waves 1 and 2 tend to be the shortest.
Check out some of my recently updated ideas linked below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.