morning arco , i cant post chart at the moment i bailed on the gbpusd hourlies printed a tweezer bottom around about 9 ish last night i think
ill post a lot more detail later
John Jagerson has mentioned there to be a surprising correlation between oil stocks like BP and the GBP/USD.
He states 'They are both influenced by oil prices and can be used in intermarket analysis. If I see a breakout in one that is not reflected in the other - it is a trading signal. A great example was the break above resistance on BP last week that made me think the GBP/USD would be more likely to break through its July resistance level.'
wave 3 is smaller than both waves1 and 5 tho
a no no in elliot wave theory.
not that I'm any good at EW DA, but I do know the rule that says wave 3 must not be the smallest
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