Quote from: JustAnotherSheep on October 03, 2015, 02:05:27 PM

Quote from: eboard10 on October 03, 2015, 01:52:01 PM

Still, it should follow the general rules of impulsive and corrective waves (5-3, a-b-c etc.).

Like Ryan said, yours already broke the rules for a valid impulse as both your (4)-(1) and 4-1 overlap, which afaik is only allowed for an impulsive count within a leading or ending diagonal.

Agreed. What I was trying to say is that it will follow the simple wave trends (5 up, 3 down) while all other rules such as overlappings, fib retracements won't necessarily be followed. So I still see the bull run as an extended (3)rd wave made up of 5 waves and a long corrective wave (4), before the next rise.