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Wave theory what I understood
A correct Elliott wave "count" must observe three rules:
This all three counts are getting fullfilled uptill
- Wave 2 always retraces less 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 a diagonal triangle.
This all three counts are getting fullfilled uptill
Thursday, April 19, 2012
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