The 3-C Member
A second difference between Elliott and Goodman Swing Count System - It provides a built-in counting scheme to make more accurate predictions, critical to reduce the number of possible predictions.
3-C stands for compensation, Carryover and Cancellation.
In the years I have mentored traders GSCS, 3-C Rule is really fascinating. Traders, such as numbers, they imply certainty. But the 3-C Rule is the most complex of all GSCS and should be taught last. I give just to give you a general idea of how it works.
3-C basic rule: if prices GSCS missed 50% retracement, or go too far or not far enough, that amount will consist of the following sweep. Prices will be above or below the measured range of that amount. The logic is similar to that of the measured move: any imbalance will need to be compensated.
In GSCS prices will compensate for the missing 50% violation. That amount will carry over until she gave up.
The 3-C Rule is incredibly accurate - and useful as a forecasting tool!
BUT: Do not try to apply the 3-C members, while not familiar with the rules of other "line" that does not require counting or calculation!
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