My thought is that we are in a EW wave B up until 1.3280-1.3320 (no charts handy right now, just a recall from a while ago), then it will come down hard as wave C.
Any comments?
thanks romik,
does it require that 3 bounces to make it valid or just any rising/falling macd/histogram will do?
and what is the success rate like for this type of pattern?
thanks again
sorry to interrupte, might be a dumb question
romik, on page 80, you mentioned about the macd pattern. can you explain how it is used for trading?
thanks!