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Elliott Five Wave Pattern:
Wave 1: Wave one is rarely obvious at the beginning. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to… https://t.co/qqaYHpKHsBtwitter.com/i/web/status/1…
Wave 1: Wave one is rarely obvious at the beginning. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to… https://t.co/qqaYHpKHsBtwitter.com/i/web/status/1…
A correct Elliott wave count must observe three rules:
•Wave 2 never retraces more than 100% of wave 1.
•Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
•Wave 4 does not overlap with the price territory of wave 1, except in the rare case of… https://t.co/TMgNuMWFLItwitter.com/i/web/status/1…
•Wave 2 never retraces more than 100% of wave 1.
•Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
•Wave 4 does not overlap with the price territory of wave 1, except in the rare case of… https://t.co/TMgNuMWFLItwitter.com/i/web/status/1…
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