One question @haejin - like in Your previous update, I think we just had a 4 day long triangle consolidation.
How do You decide where to start counting new set of waves?
I did it yesterday:
You drew wave one starting where my wave B of triangle is.
After overnight price action I wanted to change my chart to this:
Is there any way to discern, with current info we got, whether wave 1 started:
a) where You drew it (wave b of my original picture, effectively with no triangle)
b) where it is on my second picture (making a correction ABC symmetrical triangle)
c) where it is in my original picture, but with wave E unfinished due to bull pressure (ABCDE triangle)
When unsure where to start counting new set of waves, it's hard to draw detailed, lower degree waves up.
I'd love to hear Your oppinion on this.
Not all triangles go to E. Sometimes they complete at D.
Your ABC option isn’t correct because the C must be below the B
Thx!
Ah! So there are no symmetrical ABC triangles? Didn't know that, shame on me!
Still, You drew wave 1 in the place of my wave B. If I understand correctly, it means You assume correction finished in the bottom of right shoulder and the rest of this triangle was in fact start of new set of impulse waves.
Is it also correct to count is as a ABCDE triangle, with wave 1 starting from unfinished wave E? Like this:
I've seen plenty of partial E in triangles. I'd say it is the most common thing to happen.
And You still didn't learn, silly child.