Well today has pixxed on the chips for sure , thrown me into total confusion now to which wave or possible correction we are in. Any help from the experts would be appreciated
tdbeva
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@richie165, Sort of. I redid the chart and I think it looks like wave 4 was the short and shallow retracement that we discussed. The current structure looks more like an XYZ correction, so worth watching to see if the new 5 wave impulsive move forms.
richie165
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What settings are you using on that Stoc RSI please TD.
Regards
tdbeva
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@richie165, Just the standard Stochastic RSI function. Haven't changed any of the settings