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dominant wave is just the largest wave in action in the pattern.
Trying to pick tops and bottoms is a tough disease, I get infected too - - its got to be a psychological thing about wanting to prove how smart you are.
Entry points? Personally I think just about anything will work, but the risk management has to be tight, that's the most important thing.
The one you pointed out just played out this a.m., bubba. Nailed it to the cent. I think that channel was additional pressure as I mentioned. Also interesting that both points 2 and 5 happened within the range, at the extremes. Probably reinforced the pattern. I haven't looked at the volume of it, but maybe there's something there too.. |
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thanks ws.. good points.
here's a screen i found when i got home this evening. an oddity, at least in my experience. 2 gartleys - but 1 at the finish of the larger - and both appear to be completing at the same time. just thought it was interesting. and, to make it on topic - many (most?) times a gartley will have a ww as well.