Quote from: josegines on October 30, 2019, 11:28:34 PM

Quote from: xxxx123abcxxxx on October 30, 2019, 10:55:37 PM

Return to $0...? Who knows. But a sustained decline towards the PRIMARY[2] low of $164 would be a catastrophic collapse beyond a return to survival.

It is not a prognosis of mine, I mean the Elliot Wave Theory. As I understand it, when the 5th fault occurs, the full impulse is retracted, in this case, from 20k to 0.

Sorry because I haven't found an appointment in English:

https://www.labolsadepsico.com/ondas-impulsivas-fallo-de-5/

I don't know if there is any modern Elliot theory that gives us a less catastrophic target.

Personally, not heard of that Elliott Wave rule before. Seen many truncated failed fifth waves which have not completely erased the entire prior impulse.

P.S. Not seeing a fifth wave failure in your example: https://i.imgur.com/OTw0EMV.png