Quote from: exstasie on March 14, 2020, 12:13:31 PM

Quote from: xxxx123abcxxxx on March 14, 2020, 07:24:41 AM

Quote from: exstasie on March 13, 2020, 10:09:46 AM

What do you think about this triangle idea? Easily invalidated by a break below the 2018 bottom. The proportions seem good, and we're seeing a potential V-bottom off the 200-week MA, similar to January 2015. Based on the 2015 and 2018 reactions to said MA I'd like to see how the weekly candle closes.

A wave-4 Triangle of such a degree does not alternate with a prior wave-2 in regards to both magnitudes of price and time.

Could you be more specific? What specific rules or guidelines are being broken? Wave II is a zig zag, Wave IV is a triangle. The proportions may not be ideal, but the only rule I'm aware of is:

Quote

Although Wave 4 has no minimum time constraint, the maximum time for Wave 4 is twice the time taken by Wave 3.

It appears you may be suggesting that 2018-present is an ongoing wave-4 Triangle, which is alternating with a wave-2 from 2011.
Personally believe this to be incorrect since the suggested wave-2 is of a lower degree with differing price, time and momentum characteristics.

Typical momentum indicators, such as the RSI, are measures of magnitude in regards to recent price changes within a defined time period, to evaluate overbought or oversold conditions. Elliott Waves of equivalent degree ought to exhibit similar momentum conditions...

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