Question of the Week: 10/10/2005
Should Daily charts verify Weekly structure or should Weekly structure guide Daily analysis?
In nearly all cases, Weekly structure should be clear before you attempt to label and forecast Daily price action. If Daily structure is extremely clear and behaving as expected, continue to trust Daily structure until conditions change, but do not use Daily structure to direct the design of Weekly wave formations - Weekly wave structure should guide the development of Daily wave counts.
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