Thursday, April 04, 2013 5:49:01 AM
I kind of misspoke about something in the video regarding the triangle labeling... really shouldn't make videos in a rush next time, lol. So, here's an image of what I believe is the correct interpretation of this triangle. Of course it could be wrong, just like all of my TA... hell I might even be making it up!
The price projection made is rough, but it is using a legitimate method for where thrusts out of a triangle tend to reach. Like I said, it could just be made up, so don't freak out over it or something.
In the video I spoke about wave E being the downward move but that is not right! Really don't know what I was thinking. Wave E is the last part of the triangle, and from there a thrust out of a triangle tends to occur. That's what you see in the previous correction [and all triangles in general]. Triangles are damn tricky though, if you read them the wrong way they will thrust in the opposite direction, lol. Luckily the opposite direction is favorable in our case. Anyway, image below.
Each swing in a triangle is made up of 3 waves, which is what those swings represent.
The price projection made is rough, but it is using a legitimate method for where thrusts out of a triangle tend to reach. Like I said, it could just be made up, so don't freak out over it or something.
In the video I spoke about wave E being the downward move but that is not right! Really don't know what I was thinking. Wave E is the last part of the triangle, and from there a thrust out of a triangle tends to occur. That's what you see in the previous correction [and all triangles in general]. Triangles are damn tricky though, if you read them the wrong way they will thrust in the opposite direction, lol. Luckily the opposite direction is favorable in our case. Anyway, image below.
Each swing in a triangle is made up of 3 waves, which is what those swings represent.
"A man should look for what is, and not for what he thinks should be." -Albert Einstein
