Post
Topic
Board Speculation
Re: 2023 Elliott Wave
by
josegines
on 02/02/2023, 14:47:05 UTC
I always thought that wave 5 prices couldn't break through the 2-4 line, and in your count it does in PRIMARY wave.
The only exception were waves 5 in the form of terminal wedges. in which their respective waves 2 and 4 could cross the main 2-4, but this wave 5 looks more like an expanding triangle.

If it is valid, why not draw the line 2-4 and get the channel parallel to that 2-4?

The 2-4 parallel channelling is just a guide, which may not work well with exponential logarithmic charting !
and can wave 5 break wave 2-4 in this case?