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I have read Elliott Wave Principle – Key to Market Behavior book and feel it is interest so I want to apply it to my real trading.
When I start to apply this theory I am in a big problem that I dont know where I should start count wave. For example:
If the chart like bellow, I find that this chart is have 5 wave so I think that it is intermediate impulse wave and label as
But later when HNX continue to decline so much so that advance isnt actionary and it is reactionary
Please kindly guide me how to select the first point to count Elliott wave.
By the wave, please kindly do example for both stock index bellow ( I upload monthly, weekly and daily).
Many many thanks for your helps
2012-11-23 23:03:19
Source: http://www.traderslaboratory.com/forums/showthread.php?t=14738&goto=newpost