It makes sense to me that we had an ABC correction (the big deep) and now we are on a 1-2-3-4-5 wave pattern.
We finalized wave 1 and now in the middle of wave 2. As per Elliot, corrective waves could be:
- Simple: Zig Zags, Triangles and Flats
- Complex: small and big X
This wave 2 seems to me as a zigzag (A-B-C), started with an impulsive (A) and now at the end of the correction (B). If this prediction is correct, wave 2 goes down until reaching supportive green line. which is EXACTLY the lenght of wave A, so A = C. Then wave3 going up 161.8% of wave 1 that hits EXACTLY wave B Resistance.
Think about it and let me know.
We finalized wave 1 and now in the middle of wave 2. As per Elliot, corrective waves could be:
- Simple: Zig Zags, Triangles and Flats
- Complex: small and big X
This wave 2 seems to me as a zigzag (A-B-C), started with an impulsive (A) and now at the end of the correction (B). If this prediction is correct, wave 2 goes down until reaching supportive green line. which is EXACTLY the lenght of wave A, so A = C. Then wave3 going up 161.8% of wave 1 that hits EXACTLY wave B Resistance.
Think about it and let me know.
