shivashimoga
Junior member
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That is exactly I come to... were to start first wave? how to identify the first wave? What I started doing is identify the 4th wave because in 4th wave it create 4th wave msk-abc channel. if it reached 4th wave abc channel then the direction is identified! once you identify then just take position in that direction. for example in DOW it created reducing triangle. once you identified the reducing triangle and direction in this case it is bearish. you need to take position wait till it turn and take as per your standard trading method. what I do is. once I identify the trend then I will take position once 34 day exponential moving average cross and close the price.