Hi Everybody,
Today I would like to look at the Holy Grail of setups, as I have outlined in the main Blog. So first let’s take a look at the larger degree trend on the 15min NQ.
Here we can see that we were at a Wave C low, so this set the “important low” we needed on the 3min Chart. I suggest you look at the post on the main Blog as well, to see how we had the “initial rally” off the “important low”, that was then followed by and “initial correction”. The “initial correction” sub divided into an ABC pattern. This is the basis of my Holy Gail setup.
As the “initial correction” is a Wave (2) low, we then “aim” for the Typical Wave (3) WPT as the Profit target....
Thanks, Steve
Today I would like to look at the Holy Grail of setups, as I have outlined in the main Blog. So first let’s take a look at the larger degree trend on the 15min NQ.
Here we can see that we were at a Wave C low, so this set the “important low” we needed on the 3min Chart. I suggest you look at the post on the main Blog as well, to see how we had the “initial rally” off the “important low”, that was then followed by and “initial correction”. The “initial correction” sub divided into an ABC pattern. This is the basis of my Holy Gail setup.
As the “initial correction” is a Wave (2) low, we then “aim” for the Typical Wave (3) WPT as the Profit target....
Thanks, Steve
