Identifying the Dominant Impulse wave using Pitchfork
When trend is strong and dominant vertical move then things really starts getting interesting
Most Analyst trying put the Fibonacci re-tracement tool and wait for wave 4 to complete when trend is strong and vertical
but you know what ?? it will never come to their levels and it will push up and complete its Move as strong bullish Impulse wave
So in order to identify such Moves , in Wave Principle we have a solution , One of the solution is using of Pitchfork properly and Guided methods
This tool is applicable for all time frame , it works fantastic , its basically designed to identify the trend change ,
and lines you see they are called a TINE , and we have to select the % , I have selected here 100 % and 150 % TINE borders
Once the wave 3 is complete during this kind of vertical move you can expect the wave 4 to be shallow and it is usually get confirmed by tagging the TINE 1( 100 %) and then bounce to move ahead to complete wave 5
well the study of this tool itself takes around 4 hour class along with explanation , i cant explain all this here
You can look to join Ultimate signature course which is designed to get Maximum Benefits form Trading Wave principle
Good luck
Most Analyst trying put the Fibonacci re-tracement tool and wait for wave 4 to complete when trend is strong and vertical
but you know what ?? it will never come to their levels and it will push up and complete its Move as strong bullish Impulse wave
So in order to identify such Moves , in Wave Principle we have a solution , One of the solution is using of Pitchfork properly and Guided methods
This tool is applicable for all time frame , it works fantastic , its basically designed to identify the trend change ,
and lines you see they are called a TINE , and we have to select the % , I have selected here 100 % and 150 % TINE borders
Once the wave 3 is complete during this kind of vertical move you can expect the wave 4 to be shallow and it is usually get confirmed by tagging the TINE 1( 100 %) and then bounce to move ahead to complete wave 5
well the study of this tool itself takes around 4 hour class along with explanation , i cant explain all this here
You can look to join Ultimate signature course which is designed to get Maximum Benefits form Trading Wave principle
Good luck
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