After two weeks on SIM mode, two days live, two trades, two wins ($3500 two day total) at 1%R. MTP seems to be an exceptional tool kit ...
Win, 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.