Example of EW analysis failure and trading during failure
Om Namah Shivay
When we analyzed and target the IV leg, and the
next impulse to 1870, the initial upward push
confirmed our target, But later we see that the
prediction failed !
Here we failed to properly set the leg IV, we just set it too early.
if we see now, it looks the leg IV is complete today.
So our level of 1706, when crossed to downside, we
were supposed to be out from the trade,
and should have waited for a confirmation
towards our next target and recounted
later.
Om Namah Shivay
When we analyzed and target the IV leg, and the
next impulse to 1870, the initial upward push
confirmed our target, But later we see that the
prediction failed !
Here we failed to properly set the leg IV, we just set it too early.
if we see now, it looks the leg IV is complete today.
So our level of 1706, when crossed to downside, we
were supposed to be out from the trade,
and should have waited for a confirmation
towards our next target and recounted
later.
Om Namah Shivay
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