Just been thinking @W3hunter, MEK below is another good example. What we are essentially looking for with this system is the first change in market structure after a major low. We want to be buying the breakout of that first correction, so long as it stays above the 65 ema. Some of the "waves" are a bit forced for me so I'll just think of it like this from now on. In my mind it is easier to locate it by looking for that first dip in the 8ema above the 65, price must come back into the support zone (38-61 fibs) and the 8ema should turn down for a minimum period for a breakout to occur. MEK below had a spike and correction earlier but the 8ema was still trending etc, from the double bottom low at 3c we have a three wave structure up to the peak at ~6.5c where the 8ema actually starts the consolidation. If I'm trying to fit the waves on that it just doesn't sit well with me!
Doesn't change the system at all, just fits better with my reasoning / logic. I.e. not speciffically counting the waves, rather just targeting that consolidation above the 65.
