Hi Darren,Darren wrote:Oh well, that GU Fruit trade didn't last long. Stopped out for break even overall.
this is a cool trick (which works quite good for me) to know whether a wave is impulsive or corrective...
- first draw a line from last top (bottom) to next retracement
- then draw a parallel to this which includes the closest bottom (top)
---> if price breaks this line "brutally", then it is an impulse...
Chart below...and Also just IMHO, in case it could help...
KR