Hi Everybody,
I get a lot of questions from people asking why we can place an ABC count on what is obviously an “impulsive swing” in MTPredictor. Usually we are looking for the ABC pattern to be part of a “correction”, please see this help video:
http://www.mtpredictor.com/help/videos/WaveC-Criteria/WaveC-Criteria.html
But, for the Advanced users among you, the Typical Wave C WPT can be used as a “measured move” as it contains the 1:1 ratio. Very often we get an “impulsive swing” that stops at the 1:1 ratio, or at the Typical Wave C WPT.
Yesterday charts of the 15min YM was a great example of this, as you can see, this nailed the high of the day.
But, as experienced is required to know when to apply this, I only suggest that the more Advanced Users among you consider this.
I get a lot of questions from people asking why we can place an ABC count on what is obviously an “impulsive swing” in MTPredictor. Usually we are looking for the ABC pattern to be part of a “correction”, please see this help video:
http://www.mtpredictor.com/help/videos/WaveC-Criteria/WaveC-Criteria.html
But, for the Advanced users among you, the Typical Wave C WPT can be used as a “measured move” as it contains the 1:1 ratio. Very often we get an “impulsive swing” that stops at the 1:1 ratio, or at the Typical Wave C WPT.
Yesterday charts of the 15min YM was a great example of this, as you can see, this nailed the high of the day.
But, as experienced is required to know when to apply this, I only suggest that the more Advanced Users among you consider this.
Thanks, Steve
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