Chart, page-3027

  1. 16,613 Posts.
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    @princey37 Yeah exactly!, the term waves and the numbers of them etc are just bad habit on my part.. not sure what else to call them really, and the labeling of them is not as important as the other things you mention there..I think were both seeing the same thing basically..for me its morphed into a pretty simple 1st 50% retrace (above a GC still for now...but not always)..but more import is the 9 ema/65 ema around this point..I want to see the 9 ema follow this retrace down to the 65ema and 50% retrace and for the 9 ema not to cross below the 65 ema at all while price is "around" the 50% level...something new to add here imo is the vol profile at this support too, seems very consistent...very very low vol days at the bottom.. that support its quiet and there's nobody there!...in MEKs case if they are 8/65 ema`s I might have taken that earlier retrace just prior..
 
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