Replies to post #137816 on Simple's Green Room

[pennies2007]

Here's the same setup on the GJ 4 hour chart. I highlighted one that happened before when we were shorting GJ around that 165 area. It was a spike and ledge setup as well that happened around a Wave 2 peak...highs formed at Wave 2 and 4.

The current setup fits the bill also.

[pennies2007]

Heavy my man, I think you just helped solve part of the problem with figuring out TDI wave counts...LOL!

That spike and ledge formation occurs constantly in the charts at Waves 2 and 4 either at highs or lows on the chart during counter trend movements.

Very nice job! :-)