BITCOIN - Elliott Wave Purported ''Irregular" Top!
Hello, pretty rare combination on screen!
In The Wave Principle and elsewhere, Elliott discussed what he called an "irregular top", an idea he developed with a great deal of specificity. He said that if an extended fifth wave terminates a fifth wave of one higher degree, the ensuing bear market will either begin with or be an expanded flat in which wave A is extremely (we would say impossibly) small relative to the size of wave C (see Figure). Wave B to a new high is the irregular top, "irregular" became it occurs after the end of the fifth wave. Elliott contended further that occurrences of irregular tops alternate with those of regular tops.
In The Wave Principle and elsewhere, Elliott discussed what he called an "irregular top", an idea he developed with a great deal of specificity. He said that if an extended fifth wave terminates a fifth wave of one higher degree, the ensuing bear market will either begin with or be an expanded flat in which wave A is extremely (we would say impossibly) small relative to the size of wave C (see Figure). Wave B to a new high is the irregular top, "irregular" became it occurs after the end of the fifth wave. Elliott contended further that occurrences of irregular tops alternate with those of regular tops.
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Closer look on same idea here>:
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