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HIGH PROBABILITY TRADING STRATEGIES FOR ANY MARKET AND ANY TIME FRAME

FIGURE 3.8 Not Every Correction Has Overlapped Sections

ABC AND AWAY WE GO If overlapping swings are typical of a correction, it implies a correction will usually have at least three swings. A frequent type of correction for all markets and all time frames is three swings, called an ABC correction. However, corrections may take many forms and have more than three swings. Traders obsessed with Elliott wave have identified 13 complex corrective patterns, not including the so-called irregular ABCs. For our purposes, the most important piece of information is a correction should have at least three distinct swings. We’re going to keep it very simple, as usual, and always make the assumption that a correction will have at least three sections called a simple ABC—in E-wave terms, an ABC zigzag. A correction will often have more than three swings or a form other than a simple ABC, but we always first look for at least three sections. Let’s take a look at a

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(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

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