Posted by focus175 on 31st of Aug 2022 at 02:17 pm
For those of you that understand Elliot Wave, I'm curious is
this a possible scenario? We could be in a larger wave 2 in an ABC
correction? I know there's a lot of consensus that we are in
a large ABC with much lower prices to go, but I'm curious is this
is also a potential scenario to monitor or if it breaks EW rules.
https://schrts.co/qqyVrhfA
On your count your wave 4 is not proportional to wave 2 - the
bullish view was the top was a wave 3 but then this pullback has
gotten very deep (not yet overlap) but well below a normal
pullback.
For those of you that
Posted by focus175 on 31st of Aug 2022 at 02:17 pm
For those of you that understand Elliot Wave, I'm curious is this a possible scenario? We could be in a larger wave 2 in an ABC correction? I know there's a lot of consensus that we are in a large ABC with much lower prices to go, but I'm curious is this is also a potential scenario to monitor or if it breaks EW rules. https://schrts.co/qqyVrhfA
On your count your wave
Posted by steve on 31st of Aug 2022 at 02:40 pm
On your count your wave 4 is not proportional to wave 2 - the bullish view was the top was a wave 3 but then this pullback has gotten very deep (not yet overlap) but well below a normal pullback.
Posted by raymuy on 31st of Aug 2022 at 02:52 pm