"The Pivot-Count from P0 to P5 is a method used to identify a potential trend reversal (and has nothing to do with Gann).
Its rule is simple: Once P5 is reached, the count starts over from P0, just in the opposite direction. As we can see here, P5 is not in yet; we are currently in the process of forming P4."
"The Pivot-Count from P0 to P5 is a method used to identify a potential trend reversal (and has nothing to do with Gann).
Its rule is simple: Once P5 is reached, the count starts over from P0, just in the opposite direction. As we can see here, P5 is not in yet; we are currently in the process of forming P4."
Ah yes, right up there with Newton's third law.