Post
Topic
Board Speculation
Re: 2023 Elliott Wave
by
josegines
on 02/02/2023, 23:00:59 UTC
Unsure of your question, perhaps you can draw it ?
line 2-4

https://i.imgur.com/hFjfolZ.jpg
The channel drawn on the Bitcoin chart is not an Elliott Wave channel, its just an arbitrary classical Technical Analysis trendline capturing the most points on a trend; of which, a number of interpretations can be made.
I say again that I am not talking about the channel,
I'm talking about line 2-4
And I don't think it's normal for wave 5 PRIMARY to break line extension 2-4
https://i.imgur.com/vNKzeIs.jpg

Don't see it as an issue, happens all the time. If this didn't happen, the charts would be picture perfect and very predictable !

Take a look at Apple: https://i.ibb.co/kcyzMmR/apple.png

ok thanks, I remember reading something about it being a rule, but I'm not much of an Elliot expert.