Trade with 1-2-3 Waves and No Waves
2022/10/22 trade location
The locations are among the most important in trading. The significant locations include: VWAP including 1sigma, 2simma 200 EMA Fib retracement The previous day's High, Low, Close The Current Day's High, Low However, you can improve the odds of success by counting the waves. Typically after 1-2-3 formation, it is more likely (not 100%) that the market would turn around at least for a short term. Wave 1-2-3 with Different Location Example Nasdaq 1 min Chart After the market trades +2sigma area, it dipped to +1sigma after wave 2. Even though +1sigma could be a good support area, it is ...