Moving averages are a bit like gears in a car, we need to select the right moving average to capture the one way move with the correct speed of that move and every trend is geared slightly differently, Wave 3s are a high momentum one way move and anything above 9 for this wave indicates that momentum is stalling then 2 closes below indicates a significant chink in that momentum..I shouldnt say its never a wave3 but just not the ones I want to trade... but yes from experience 9 is about the maximum for a w3
2021 Charts, page-30
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12.8¢ |
Change
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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Change
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