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| Alias Born | 10/29/2007 |
Saturday, February 13, 2016 3:26:37 PM
And one more...here's the GJ hourly chart with the TDI wave mapping. Once again, the Wave 4 to Wave 5 movements produced the big gains.
Notice that after the primary move down inside the falling wedge, it took until Wave 4 inside the secondary parallel channel before we finally got a good, solid long entry. This happens on pretty much every pair out there.
Even if price does manage to find a bottom on Wave 2 in the secondary channel, the move back down to Wave 4 does, at the very least, give us the retest of the lows that's needed to form a base to rally from in the next Wave 4 to Wave 5 movement.
Right now, GJ topped out at the 5th wave movement here on the hourly as it hit the Wave 3 peak on the 4 hour. So, just like AJ, we're headed back down for at least a test near the lows next.
Notice that after the primary move down inside the falling wedge, it took until Wave 4 inside the secondary parallel channel before we finally got a good, solid long entry. This happens on pretty much every pair out there.
Even if price does manage to find a bottom on Wave 2 in the secondary channel, the move back down to Wave 4 does, at the very least, give us the retest of the lows that's needed to form a base to rally from in the next Wave 4 to Wave 5 movement.
Right now, GJ topped out at the 5th wave movement here on the hourly as it hit the Wave 3 peak on the 4 hour. So, just like AJ, we're headed back down for at least a test near the lows next.
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