Elliot (1) was a speculative move.Reason from this oil stocks announced exteremly low and it led to go beyond the chart.However,there aren't any speculative news for monday up to now.
45.55 is a really good point to open buy position until 46.20.
Kind Regards:)
Ps:The strategy is found by me and I cant give specific idea.If you see that the idea works,just follow me :)
naveed
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thanks my question was overlap of 4 and 1 is a violation of EW, unlesS its a diagonal
GrittyInvestor
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The chart was a little bit wrong so I share with you another one which is designed well.For background of your question,they were because they are speculative moves as I told you before.In addition in the those days,oil stocks were announced exteremly low for elliot (1) and market lost the believes for,there were some production freeze news from gutter press for elliot (4).Moreover,there are lots of different elliot wave style.From my point of view,45.40 last point of the retracement but on a daily basis it can stop in the 46.20 and can decrease again.For further information,I will publish another ideas.
Good Luck,All the best.
prasanro
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in your chart seen gann indicator sir which platform you used
GrittyInvestor
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I've found the way that is secret :D If it works I will post others follow then :)