A stretching out of the smaller waves into larger ones.
Quite a zoomed in view of multiple higher fractal waves. Here, looking at the lower time frames, you would normally be expecting a respectable correction/retracement of the previous move. I present that when the lower timeframes or smaller fractal waves are filling a larger fractal wave, that is a direct move, possibly 3 or 4 monthly/yearly candles, you will see the 4hr and lower time frames simply stretch into the bigger move or wave and you will not get the "textbook retracement" as expected.
Quite a zoomed in view of multiple higher fractal waves. Here, looking at the lower time frames, you would normally be expecting a respectable correction/retracement of the previous move. I present that when the lower timeframes or smaller fractal waves are filling a larger fractal wave, that is a direct move, possibly 3 or 4 monthly/yearly candles, you will see the 4hr and lower time frames simply stretch into the bigger move or wave and you will not get the "textbook retracement" as expected.
Comment:
A reason most get turned off from waves is because you'l get the intraday counts wrong...it gets more complex on the intraday.... well ok, but it still gives tight risk on entries and when you're right you could be holding for a long time before any reason to get out of the trade. This last little move on the EURUSD has changed my wave counts for it a few times.... but i dont impose on the market, i let the waves fill and i take action on completed waves....this recent moves has made me believe we WILL be seeing that "textbook retracement" here after all but we'll see!
Comment:
should we be moving higher here it should put in a "textbook" ABC corrective wave higher....this particular market tends to do that in a straight direct move (tight channel formation usually).... this would be zoomed in view of that move...setting up this main ideas major sell positions to much lower prices after this correction