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Elliott Waves Suggest Bottom Is Not Yet In For Energy Stocks
By Ramki3 Comments1 Min Read
Previous ArticleElliott Wave analysis of USDCAD
Thank you for the very helpful and easy to understand wave counts. I also appreciate the alternate counts as well. This to me is what many people miss when using EW which is taking advantage of the smaller subdivision trades while waiting for the wave count to show itself
I am curious about your use of an arithmetic chart for a long-term chart like this monthly chart. A logarithmic chart gives a different picture. I have always used a log chart by default but especially for longer time horizons. Your thoughts?
Hi Joe, I have always held that the wave counts don’t matter so long as you know how to use them for your desired goal. Log charts will produce just as good a result as the regular charts. Just be faithful to the theory and be consistent in whichever format you are using, and you will be successful.Good luck.