Simple's Green Room

[pennies2007]

All I do on the flippers is just wait for a 5 wave count and hop in as soon as I see some kind of divergence towards the end of the 5th wave. In this case, the first 5 waves up would be a larger Wave 1 on the 4 hour chart. The next 5 waves down would be Wave 2 on the 4 hour chart. So the market is getting ready to take GU back up for another 5 wave count which would translate to Wave 3 up on the 4 hour chart.

Just count the 5 wave movements and enter accordingly.

GU Hourly chart...