I have seen before a huge lack of atention in what i think must be one of the toral rules of elliott wave's principle and is the one that states: If supposed wave 4 overlaps the end of wave 1 means other pattern is underway.
Here are a clear example that ilustrate the importance of attend this rule:
If we "let" the wave 4 overlap the 1, we can say here that we could count as wave iii)) where i placed the wave i) (one lesser degree) and wave iv)) where my count says ii). But due the observance of the rule I assume that the wave is extending therefore expect a longer wave iii)) pointing at 261.8% of extension of price traveled in wave i)).
Here are a clear example that ilustrate the importance of attend this rule:
If we "let" the wave 4 overlap the 1, we can say here that we could count as wave iii)) where i placed the wave i) (one lesser degree) and wave iv)) where my count says ii). But due the observance of the rule I assume that the wave is extending therefore expect a longer wave iii)) pointing at 261.8% of extension of price traveled in wave i)).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.