Replies to post #137838 on Simple's Green Room

[pennies2007]

Nice!

This setup also validates one of the key rules on the TDI wave counting list, specifically the high volume candles popping up during Wave 3.

TDI Wave Counting Rules and Characteristics

The general rules are as follows:

(1) Waves 2 and 4 form tops and bottoms most of the time.

(2) Waves 1 and 3 are the ones that "break formation"...in other words, they signify a shift in the previous TDI channels.

(3) Wave 3 normally displays the first sign of high volume candles.

(4) Wave 4 to 5 is ALWAYS (no exceptions) the best wave count to play when counting TDI waves.