...just so those who don't know...will know...
.... referencing page 37 of the international edition of mupster's dictionary.....
....when i say "tiny alt" ... this is what i mean...
.... the first rectangle sets the alt size....
...the red rectangle shows that it was broken....
....the significance of a broken alt.... is
1. this degree wave set is ending
and/or
2. moving to higher degree wave set
or
...3. this is a good one.... alt appears to be broken be really isn't
... a case like this would be a big tail throws down... with no close
.....market is fractal.... so what applies to smaller time frame also applies to larger time frame....
.... a good use of these thangs....
.... if the trend is on and you need an entry....
...... use the alt size as a thumb rule to get you in on a pullback to the size of the last alt.....
..... if you are wrong.... you picked a good place to be wrong...
.... if you are right..... you picked the best place to be right....
-------------------------------
...if wave set ends and not moving to higher degree.... then can be bearish
...if wave set ends only as a precursor to a higher degree wave in the same direction..... then can be bullish for continuation
.....edit.... any questions ? .... please refer to page 39 of mupster's dictionary....
....edit... if this is too complicated... then just use 20ema and keep your fingers crossed
....edit.... if you are wondering about the numbers.... those are the number of bars between subsequent highs ....and between subsequent lows....
.... referencing page 37 of the international edition of mupster's dictionary.....
....when i say "tiny alt" ... this is what i mean...
.... the first rectangle sets the alt size....
...the red rectangle shows that it was broken....
....the significance of a broken alt.... is
1. this degree wave set is ending
and/or
2. moving to higher degree wave set
or
...3. this is a good one.... alt appears to be broken be really isn't
... a case like this would be a big tail throws down... with no close
.....market is fractal.... so what applies to smaller time frame also applies to larger time frame....
.... a good use of these thangs....
.... if the trend is on and you need an entry....
...... use the alt size as a thumb rule to get you in on a pullback to the size of the last alt.....
..... if you are wrong.... you picked a good place to be wrong...
.... if you are right..... you picked the best place to be right....
-------------------------------
...if wave set ends and not moving to higher degree.... then can be bearish
...if wave set ends only as a precursor to a higher degree wave in the same direction..... then can be bullish for continuation
.....edit.... any questions ? .... please refer to page 39 of mupster's dictionary....
....edit... if this is too complicated... then just use 20ema and keep your fingers crossed
....edit.... if you are wondering about the numbers.... those are the number of bars between subsequent highs ....and between subsequent lows....
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