FX:AUDUSD   Australian Dollar/U.S. Dollar
55 2 3
EW + TRENDLINE + RESISTANCE + FIBO 61.8
Comment: Trade Active
Comment: TP HIT
Just wondering . . .
Are you using a proprietary form of Elliott Wave or "Classic" EW ?
I ask because you have given this corrective and overlapping price action
an impulsive 1-2-3-4-5 wave count which breaks 1 of 3 inviolable EW rules
in this case, wave 4 has entered the price area of wave 1 ?
Thanks for your thoughts and wishing you a pocket full of pips !!!!!
Reply
IvanLabrie PRO dojitrader
Also, wave 3 is the smallest...that one is a no no.
Reply
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