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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?


To: Robohogs who wrote (29557)8/4/2018 11:36:46 AM
From: skinowski  Respond to of 41504
 
I answered this question - for myself - some years ago, when I wrote the following - which is right up there, in the header post for this board... it's still true, IMO. Based on many years of trying to catch tops and bottoms.

Always give a lot of weight to the prevailing trend. E-waves have a tendency to make you look for "completed structures" and too expect reversals. You will find that a lot more often waves will just keep subdividing in the direction of the larger trend. Big, important reversals will happen, of course.... but they're just too uncommon to make looking for them a worthwhile effort.