Steve: I will admit that I am just relearning MTP so I am in simulation mode. BUT, I have read your entire manual, listened to many of the webinars, read all your Advanced Blogs and applied what you have been teaching. I got the TS3 short and then reversed on the DP which even had a VSA for added confirmation!!!! I used the ATR stop since the oscillator went through the band so I got stopped out, but what I find incredible is that price eventually went to the DP profit target zone and reversed again!!!! I feel that even I could have written your blog today because of how well you teach. Thanks for your great instruction and for answering all of my questions. Again a Million Thanks for your great education!!!!!!!!!!
Greg, Private Trader
Once the Wave 5 of a completed 5-wave sequence is complete a correction will unfold that corrects the entire prior 5-wave sequence.
What this means in practice is that once Wave 5 is complete a correction which is larger than any correction incurred during the prior 5-wave sequence should then unfold.