Wednesday, June 9, 2010

Complexity simplified

The complex correction was only wave "a" of a bigger correction. Price cannot exceed the red line for the count to remain valid.


Geplaatst door op

3 comments:

  1. AnonymousJune 10, 2010 at 6:05 AM

    Hi Jeremy, nice charts, like your style.

    Perhaps in current euro correction a is a triangle, which is now complete, and b is in progress?

    ReplyDelete
  2. Jeremy DemunterJune 11, 2010 at 3:37 PM

    Hi there,

    Triangles can only be on wave 4, b and x (and in extremly rare cases wave 2 but it's better never to use that in your count).

    Friendly greetings,
    Jeremy

    ReplyDelete
  3. AnonymousJune 14, 2010 at 8:32 PM

    Hi Jeremy, to continue the previous...

    If we are in a correction, and let's assume for simplicity, that the correction is a zigzag, then the first wave, a, can be an impulse or a leading diagonal. So, my mistake when I was talking about a triangle, but actually ment a LD.

    BR, Luxman

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