Quote from: chessnut on March 29, 2015, 10:03:15 PM

Quote from: Queeq on March 29, 2015, 03:22:19 PM

Shouldn't ii (we're currently in) retrace at least 50% of previous i, which happens to be at 269.83 (1663 on Huobi), and which is only possible if subwave b is finished?

Ive never heard of a rule that states that wave i must retrace at least 50%, although I know that it often happens and is probably a guideline. I heard another EW analyst say that time wise, as a guideline, wave ii takes 50% of the time of wave i to complete also. We have had a 38% correction and with the form of this flat so far I think its a pretty good count.

there is a general rule for classic TA that says retrace 50% to 2/3 of any major move that goes in the direction of the current trend. I think that rule is just a guideline.