@miaomiao18, We need to see retracement on this 1st wave if it bounces at or before golden pocket im in!!
savenido
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@savenido, I dont ever buy 1st waves or try to pick bottom...... i try to wait for wave 1.... make sure it retraces correctly.... 70 percent goto .5 to .65 retracement.... if those match I go in bc you can do a trend base fib extention on 1-2 move to predict 3 wave.... jump off on 3rd waves.... ladder all the way up to 2.168 start with 1 to 1
savenido
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@savenido, If it goes 1 for 1 than 5th wave will be extended most times
@miaomiao18, now we see for corrective wave 2 for xvg. wave b price is confirmed with its starting point which is very close to A. with A=B=C. do you still think xvg big corrective wave 2 is going to heavily 0.618?
I understand that you are looking at ABC corrective wave with A=B=C.
but I think it's gonna have 0.382 retracements for big wave 1 instead of 0.618.
from my chart, using zig zag 3hr it formed well corrective lines and i think that made a finish.
my macd, es stoch rsi and WT cross all showing me to buy. i think im jumping in.
cheers