Added more info confirming the 1st wave and correction, as well as my prediction for the 2nd wave. All input is welcomed Let me know what you guys and gals think.
I believe the path from 2 to 3 must be larger than the path of C to 1 and 4 to 5 for Elliot impulse wave to be valid. I don't know much about TA, but I appreciate your prediction!
RickGunderman
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@icheerios, If you look at my 1st post this morning it shows the correct paths of 2 to 3, i have added the sub waves inside each path to show them as valid. it now looks a bit cluttered but i assure you they are correct to the best of my ability. and also the rule is the 3rd leg must not be the shortest, not that it has to be longer then 0 to 1. you can search for @Haejin he has an entire training course at the bottom of all his posts on the Elliot wave theory. Very informative indeed. good luck