I came to understand that many of our EW/NW-traders confusing with a word 'WAVE' .
Not all the price high and low in a period of time is called waves.
There MUST be a trend reversal in both the DIRECTIONS
here in the above chart I clearly defined ,what is a price bottom and top,and formation of a complete WAVE (green colour with black dots)
unless you have another trend reversal (breach of 4819)the undergoing wave will continue
Not all the price high and low in a period of time is called waves.
There MUST be a trend reversal in both the DIRECTIONS
here in the above chart I clearly defined ,what is a price bottom and top,and formation of a complete WAVE (green colour with black dots)
unless you have another trend reversal (breach of 4819)the undergoing wave will continue