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nfrequent

05/17/21 8:01 PM

#224970 RE: trader53 #224962

Trader, I understand the five wave advance generally, but am not always sure about the timeframe. EEGI is a good example. Would you say EEGI completed the first wave today or the third wave?
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nfrequent

05/17/21 8:24 PM

#224973 RE: trader53 #224962

P.S. On a longer timeframe, however, I could actually read it as the end of the fifth wave, but it only dipped significantly below the fifty day MA once in that time frame.
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nfrequent

05/17/21 8:28 PM

#224974 RE: trader53 #224962

Got it! 50 day moving average doesn't matter much.