I’m Taking Notes

Wave notes

wave structure to the up side from from the top of Bear Zone 1 + 9 pips

Wave 1 up – goes from consolidated state to exhaustion <34
ends with RSI2 settling below 97

Wave 2 down – it recharges the energy by taking price accross Mr. Maroon
starts afer energy crossing back above 38
ends with extra high level of consolidation and
RSI2 below 7

Wave 3 up – it starts as soon as wave 2 ends (RSI2 < 7)
and ends with a short exhaustion 41-45
RSI2 drops below 97

Wave 4 down – it quickly recharges energy and gives volatility a boost
it may start from E-16
it may take out the low of wave 2
it takes RSI2 back below 15

Wave 5 up – starts as soon as wave 4 ends
it ends in exhaustion
it ends in RSI2 crossing back below 96
it ends in a 3 or 4 piece ending tail

folling this: fluctuation may happen

wave structure to the upside from the Green River

Wave 1 up – if it starts from high level of consolidation
it ends in an RSI2 divergence:
measuring leg first!
2nd leg has RSI2 drop below 96
it may exceed its first thrust box up

Wave 2 down – it may take out the starting point of wave 1
it takes price back accross the Green River to the spark zone
energy stays outside the bands = volatility boost
RSI2 would tank to 0
ABC look possible
it may miss its thrust box down

Wave 3 up – it starts from around the Green River with high level of consolidation
the head start comes from energy crossing back into its bands first
RSI2 may not drop below 35, 50
it goes deep into Bull Zone 1
it end in RSI 2 divergence that has a higher high
measuring leg(s)!
possibly in a shape of an extension 10-16 pips higher
it ends between 46-41 short exhaustion

Wave 4 down – it takes price back down to the border of Bull Zone 1 (+10 pips) Remember: their weakness is your strength

it should fall short of Mr. Maroon
it may show a H&S divergence energy gets on the high side
it may have an ABC look to it
RSI2 < 7 is a buy

Wave 5 up – starts where W4 ends in the RSI2 divergence, close to Bull Zone 1 + 9 pips
it ain’t over till it’s over: ever increasing RSI2 divergence
thrust boxes can get exceeded
final thrust unable to settle RSI2> 93
Wave 5 of Wave 5 would come from below the oversold line and below E-16
energy bands narrow in

ABC correction down from Bull Zone 1 – the Shape

Wave A downs – starts with the final thrust of Wave 5 up
A ends with the 2nd return within the bands
possibly at the other side of Mr. Maroon

Wave B up – the shape has a prolonged flat move up that stays below the thrust box
it ends in an RSI2 divergence – measuring leg first

Wave C down – the thrust happens in the wrong direction as a no break extension
It may exceed a thrust box a bit
other side of Green River for maximum surprise

wave structure to the upside from the Green River variant

Wave 1 up – if it starts with high level of exhaustion
it would have to hurry to make the high:
sound barrier may mean the cap over the initial thrust (+36 pips)
the wave would end in an RSI2 divergence
but the second high may be lower than the first
RSI2 would drop below 93

Wave 2 down variant – it may stay in the overbought (embedded)
it would likely miss its thrust box
it takes back price to the other side of Mr. Maroon close to the Spark Zone
after RSI2 divergence – measuring leg(s)!
the trigger to wave 3 is CI crossing below 53

Wave 3 up variant – it starts from around Mr. Maroon with RSI2<15
it has bottom left dojis for features
it may muster a thrust beyond the Purple Haze
RSI2 divergence – measuring leg!
no break extension for divergent leg 16-20 pips excess
thrust box may be violated a bit

Wave 4 down variant – trickle down wave 4

it takes price back down to the border of Bull Zone 1 (+10 pips) Remember: their weakness is your strength

it should fall short of Mr. Maroon

disregard divergences until below E-16 and strength shows up:

shot over bow = RSI2 print above 80 – the next divergence shall live

Wave 5 up – starts where W4 ends in the RSI2 divergence, close to Bull Zone 1 + 9 pips
it ain’t over till it’s over: ever increasing RSI2 divergence
thrust boxes can get exceeded
final thrust unable to settle RSI2> 93
Wave 5 of Wave 5 would come from below the oversold line and below E-16
energy bands narrow in

ABC correction in Bull Zone 1

The correction takes price down to a major, obvious support such as the Green River.

The correction goes oversold twice (stoch)

If an A ends in a deep exhaustion, look for the pair of it to call the correction over with (plus a no break undercut).

A leg down to the other side of Mr. Maroon setting up the measuring leg

B leg is a big fat churning in a fluctuation’s bandwidth (can be as muted as 20 pips or less)

If nothing seems to be doing anything much, chances are you are in a B wave

C leg down washes out the money that was injected in at the beginning of the move – and could inflict maximum pain as well

However, the last move is still only a no-break extension, merely from a lower high printed on the back test of the previous PKTE box (failure)

After a Wave 5 of a Wave 5, price makes its way back to the Green River