Posts: 257 since Jul 2014
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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
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