Can I please know the indicator you are using.? And what the numbers mean?
nelsyboy
⋅
@abdijama85, Hi there. I only trade on the daily charts and use just a 5 period simple moving average. The pattern I put on the chart was based on Elliott Wave Theory. That is 5 waves up or down followed by retrace ABC. This was just a mini wave pattern and as the move up appeared to be running out of legs and finished with a candle that indicated that could be the end of the upward move.
abdijama85
⋅
@nelsyboy, thanks for the swift reply. Did you place the counting manually or its an indicator?