The reason I have Wave 1 labeled where it is on that chart Heavy is because it represents a strong departure away from the previous TDI trend. A strong departure is typically a Wave 1 or Wave 3. In this case, it's the only obvious count so I stuck a Wave 1 on it. The rest follows afterward.
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.