Quote:
Originally Posted by Jamie Saettele
I am longer term bullish the AUDCAD because of that 5 wave advance and 3 wave decline that is so obvious on the daily. However, when the wave structure is not clear, do not force a count. If there is no count there..then there is simply no count. When a cross is unclear, I like to look at the legs of the cross...in this instance the AUDUSD and the USDCAD. The AUDUSD looks like it needs to come a bit lower in a small second wave and the USDCAD lower towards .9500 in order to complete a larger correction from 1.0248. So, with this in mind, I do not favor the idea that the AUDCAD will vault higher anytime soon.
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There is always a clear wave count
Its all a matter of Interpretation , & Probability !
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Just because you don't see a wave count
doesn't mean that there isn't one there ......
Remember , we all don't see the world the same way ....
10 Elliottians given the same chart data
will never all have the same wave-count .....
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Will this Double Bottom Hold ?
Well/, I real don't know ........
That's not what's important ............
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That's why there is forums like these ............
-A great place to compare your thoughts with others
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If you don't see a wave-count developing - Why not just simply ask some else ?