Hi Everybody,.
Here is a great example that unfolded while I was away on vacation on the 240min GBPJPY Chart. An ABC low, off which a 5-wave rally unfolded. If you look at the chart, you can see how this 5 wave rally not only reached the initial DP target, but also how the rally unfolded in 5-waves with the high right at the Typical Wave 5 WPT. As such this was the perfect place look to lock in Profits for a massive +9.8R Profit (ignoring slippage and commission).
I still find it amazing when markets unfold in such perfect patterns like this again and again :-)
Thanks, Steve
Here is a great example that unfolded while I was away on vacation on the 240min GBPJPY Chart. An ABC low, off which a 5-wave rally unfolded. If you look at the chart, you can see how this 5 wave rally not only reached the initial DP target, but also how the rally unfolded in 5-waves with the high right at the Typical Wave 5 WPT. As such this was the perfect place look to lock in Profits for a massive +9.8R Profit (ignoring slippage and commission).
I still find it amazing when markets unfold in such perfect patterns like this again and again :-)
Thanks, Steve
