Hi Everybody,
In today’s post I would like to remind you all of how the DP from the prior Wave B high or low can catch a minor high or low nicely. I assume you all have read the Trading Course Part 2, but if you have forgotten, then I suggest you re-read Part 2, because this is covered in there.......
A good example is on the 3min NQ yesterday, please see the chart, where we got a minor rally off the TS3 buy in the afternoon. But look where the rally stopped, right at this DP (from the minor Wave B high). So knowing in advance that this is an important zone will help you in your trading............
Thanks, Steve
PS, wouldn’t it be nice to have caught the rally off the lows ? Well, as you can see, we did get a DP buy there, so please turn to the Advanced Blog, to see how the more Advanced Traders among you could have caught this......
In today’s post I would like to remind you all of how the DP from the prior Wave B high or low can catch a minor high or low nicely. I assume you all have read the Trading Course Part 2, but if you have forgotten, then I suggest you re-read Part 2, because this is covered in there.......
A good example is on the 3min NQ yesterday, please see the chart, where we got a minor rally off the TS3 buy in the afternoon. But look where the rally stopped, right at this DP (from the minor Wave B high). So knowing in advance that this is an important zone will help you in your trading............
Thanks, Steve
PS, wouldn’t it be nice to have caught the rally off the lows ? Well, as you can see, we did get a DP buy there, so please turn to the Advanced Blog, to see how the more Advanced Traders among you could have caught this......
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