Hey, you're Wave 4 is going upwards. It should be a corrective wave. Edit your work bro.
Reply
Bleek thebumtrader
@thebumtrader, Got to leave it somewhere. it will be sideways...
Reply
@Bleek, Wave 4 can move sideways but never upwards.
Reply
Bleek thebumtrader
@thebumtrader, Never say never ;-)
Reply
@Bleek, What the heck? :-/ You don't know the rules of Elliot Wave, no?
Reply
Bleek thebumtrader
@thebumtrader, I know that there are no rules. And didn't I say "it will go side ways"?
Reply
@Bleek, "There are no rules", you say? Whuuuuut?! HAHAHA! There are rules man, 3 of em.

Rule #1 : Wave 3 can NEVER be the shortest wave. It can be of the same size of Wave 1 or Wave 5, but never shorter.
Rule #2 : Wave 2 can NEVER retrace 100% of Wave 1.
Rule #3: Wave 4 can NEVER retrace below the high of Wave 1.

How are you using the Elliot Wave without knowing these simple rules?
You're counts are invalid dude.
Reply
Bleek thebumtrader
@thebumtrader, Your so loud and jet repeat just other peoples words. And did I break just one of this rules? I differ on you on that one. I just wanted to zoom in on wave 3, forget about 4 it will go east! And I'm not committed to Elliot or Fibo I see my own things and combine. Stick to rules if you want to loose R!
Reply
@Bleek, Suit yourself dude.
Reply
i would say you would do well to count that 0.786 top and the 0.5 retracement of that move as waves as well, so you'd end up more with your current "1" as "3" , with 5 being the last run up along the red trendline, and your "2" being the A of an A-B-C correction.

But like you said, i'm sure we'll see tomorrow.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out