I cannot thank you enough. MTP is as close to the HG of trading methodologies that exists. I am averaging about 6R monthly right now and honestly hope and feel that I will do better in the months that come. I am very happy with my 6R but hope to be even happier as I learn more in the future
Greg, Private Trader
If Wave 2 retraces past the start of Wave 1, then it cannot be considered a Wave 2 and the current wave structure must be reconsidered.
This cannot be considered a valid wave count, because Wave (2) has traded below the start of Wave (1), so this wave count must be re-considered.