This is an updated chart correcting my dumb mistake.
The c wave was an ending diagonal and the whole abc correction was a running flat. Diagonals occur in terminal waves such as fifth waves or in this case a C wave. That is how you can tell the correction is complete.
Hi, thanks for all your nice charts and explainations.
One question, do you have some online resources or books which you would recommend to read to understand and use "Ellit Wave Theory" and "Technical Analysis"?
After learning the basic rules and guidelines, I recommend learning by example. Go through the old entries of Sid's 100s of charts (elliottwavepredictions.com). I learned a lot by watching how he labels the waves. Any book is fine to give you the basics. I found this web site useful proelliottwave.com/free-elliott-wave-resources/elliott-wave-principle-basics/
user100000
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Also, learning about cycles is quite useful for market timing. I recommend Hurst Cycles. (JM Hurst)
One question, do you have some online resources or books which you would recommend to read to understand and use "Ellit Wave Theory" and "Technical Analysis"?