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Friday, February 26, 2016 10:13:51 AM
Why Trends Take So Long to Shift
This is what drives people crazy, Heavy. You've probably heard it as much as I have that tops and bottoms take a while to finish forming before they shift gears and head the other way.
This is why...Waves 1 and 2 will drive you totally bonkers. Take AU for example. The daily has been pointing to a Wave 4 peak for a while. But we had 2 series of 1-2 movements (1 larger and 1 minor) before AU could finally build up a head of steam to move into the larger Wave 3 movement. AU kept making slightly higher highs along the way and, if you're not looking closely, appears to be bullish...but it's a head fake.
Basically, you just have to be able to work your way past all of the 1-2 movements and wait for the larger move to begin. Once it does, all the waiting pays off in spades.
AU 4 Hour Chart as an Example...
This is what drives people crazy, Heavy. You've probably heard it as much as I have that tops and bottoms take a while to finish forming before they shift gears and head the other way.
This is why...Waves 1 and 2 will drive you totally bonkers. Take AU for example. The daily has been pointing to a Wave 4 peak for a while. But we had 2 series of 1-2 movements (1 larger and 1 minor) before AU could finally build up a head of steam to move into the larger Wave 3 movement. AU kept making slightly higher highs along the way and, if you're not looking closely, appears to be bullish...but it's a head fake.
Basically, you just have to be able to work your way past all of the 1-2 movements and wait for the larger move to begin. Once it does, all the waiting pays off in spades.
AU 4 Hour Chart as an Example...
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