DislikedRegarding that wave view of markets from the beginning of this thread: What I don't yet get is if we can really talk in terms of waves. In science, waves are defined by at least two variables, the independent variable 'time' and an dependent variable. In the FX market our dependent variable would be prize (it can either go up or down). However, if we assume that time doesn't exist in trading, the use of the term "wave" isn't appropriate. Moreover I believe that this wave thing is just an analogy which helps to better understand what alexx90 & CP...Ignored