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Screenshot 2023-06-11 at 06.21.40 Thanks for the compliment/s. I am a swing trader and day or two in consolidation areas. Now Fibo is very accurate, but the wave count is the issue. If the count is off the fibo goes SoonPeso7. This is an impulsive c green and so far proving to be true as a strong wave pattern.
I will not talk of the rusty a wave as one will go a lower time chart to determine that end turn point. Rusty wave b told us where the market was going south at and then taking points: rusty a; rusty b; tells us rusty c or yellow a wave ends.
Take note here as points starting at rusty a; then rusty b; rusty c or yellow a; tells us where yellow b wave ends at 1.618. The consolidation was in that area at 1.00 also with no pattern prior. Majority of the time every movement will show at least a fourth or flat b wave in it. So no consolidation prior to reaching 1 of that fido means most likely 1.618 is target.
Now using first point of rusty b; yellow a; yellow b will tell one where c will fail. It has shown a consolidation before that target giving further evidence it is probably so.
I do not use longer term charts for wave patterns as they are useless for swing trading. As for inflation, leave to government as inflation will be so to pay the yesterday promises. The hidden tax of what is inflation 10%…40%…whatever, one has to make more then that to prosper.
That is my SoonPeso7 interpretation of wave theory.
Can you help answer these questions from other members on NexusFi?
Screenshot 2023-06-14 at 22.25.12
Robert Miner book, Dynamic Trading talking of trend lines.
1.drawing from the beginning of wave 1 to the end of wave 2 into the future will identify when wave 4 is complete, but may not be over. Today on the larger chart the red bar did .38 and is a smaller wave four and most likely the low point but still some side actions ahead to touch the yellow line. Then I will start counting that wave fifth wave to determine the end of the larger blue wave 3.
When that line is duplicated and put on top of wave 1 when hit identifies wave 3, but not necessarily end of wave 3, even though it often is. The line is used to identify the wave count. These are assistants to get an accurate wave count.
I have used momentum idicators like awesome oscillator, RSI, Macd, and moving averages, but the easiest is the line for me. To get accuracy of exit is to count the waves on the last fifth wave. Here I am waiting for this wave 4 to complete so the wave five of a lessor wave can help indicate more accurately the end of blue wave 3. But it is still higher for sure. So looking for a smaller wave 12345 pattern as the market gets closer to determine the turn point. Every pattern ends with a 12345 pattern on the lessor wave pattern.
abc-c is the 12345 pattern...wave 5 is 12345 pattern. The smaller the chart the harder to determine those minut waves. SoonPeso7 wave trading
Screenshot 2023-06-15 at 12.40.53
I am looking at shorting. Notice that I took the line that was to identify wave four. Cloned it, and put it on what I believe is wave 3. The market not touching the lower yellow line prior to expected target of the larger wave three is a strong sign the fifth wave will be a failure. The Pink line is a larger fourth wave and will have to wait and see how that fits into the count. Make adjustments as the market goes.
Screenshot 2023-06-20 at 18.26.02
Here the fourth wave is almost over. Touching the line to indicate wave 4 is complete, not necessarily the end. Why am I using the extension measuring stick to determine end of trend. Because the first part of the wave, a, was a 12345 wave and this second part is an abc wave pattern. a=c wave. Time to go north and Iook for target at the upper line on the left chart for the end of a 12345 pattern. Just keep following the waves. The target above is wave a=c in the larger pattern. Is this up move over? For some reason my intuition tells me this is just wave A and next is B and then C should go even higher. Wait and see.
Screenshot 2023-06-27 at 12.09.52
Got knocked out early and a small lost. Now going north and believe the fourth wave is complete. Next target is the upper line on the left chart.
wave five well in progress. a=c from 3/13 destination and the gap as middle point of this leg. These two destination come together as illustrated. This will be the high of wave blue c. The yellow numbers it will not be end of yellow wave five as most likely it will be a fifth wave failure after this.
Screenshot 2023-07-05 at 06.02.26 Missed the count and bailed out. A pull back will have me going short as in a wave c pattern that should return to point blue A. The pull back should .618 of the down move.
Screenshot 2023-07-06 at 07.09.11
Lost some and now target should be hit on the open. I will still call this wave four, and going so deep will make a wave five failure. Retracement of .618 or .78 which is not much. One can buy it or wait for the sell on retracement.
