I am a bad by50..because In my previous post I forgot to mention something important ..so for anyone thats intrested,what I forgot to say was ...that is a chart of a complete and normal distribution.However often the market can miss a step and in the post before I said that it can be important to record what the market dosent do because it tells us something.
So as far as these 4 steps go often it misses a step, for example it may go into step 1..then 2 and back to a step 1.
That that would be an indication of a strong trending market.
In this case it comleted the 4 steps.Now we are in the first step 1 so in my intera day trading I will be watching to see how it develops while I'm trading it.
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