InvestorsHub Logo
Followers 192
Posts 41494
Boards Moderated 1
Alias Born 10/29/2007

Re: quanticopious15 post# 136686

Tuesday, 02/23/2016 10:28:41 AM

Tuesday, February 23, 2016 10:28:41 AM

Post# of 140146
No, no, Qui. You're confusing price action wave 5 with the TDI wave 5. They are NOT the same.

Wave 5 price action bottoms actually come in most times AFTER 5 waves have completed on the TDI AND you see an alternate 1-2 in another count. That next Wave 2 back down, in this case, is where the bottom normally shows up. That creates the divergence we normally see.

In a downtrend, the bottom would most likely come after 1-2-3-4-5 and then 1-2 or 1-2-3-4 in another channel.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.