XJO 0.41% 8,284.7 s&p/asx 200

redEW tries to make allowances for all sorts of complications,...

  1. 17,444 Posts.
    lightbulb Created with Sketch. 57
    red

    EW tries to make allowances for all sorts of complications, lol.

    An X wave is what seperates two zigzags or ABC's.

    So you get an ABC zigzag then a counter move and then another ABC zigzag all in the same direction.

    It can also be a 3-3-3 pattern. And then you can have a 3-3-5 pattern so all sorts of permutations that explain almost anything, lol.

    The initial move in 1938 is a beautiful 5 wave upward impulse move, but the subsequent moves need interpreting as containing running corrrections or some such permutations.

    I used to be a big EW fan but although I still look at taht aspect, I don't place too much emphasis on it these days.
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.