mayquanxi
Long

excellent uptrend

TVC:DXY   U.S. Dollar Currency Index
excellent uptrend
have a red elliot, it's like that, but its true for DXY
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Hi,
Your red wave count of 5 waves is not within the EW rules, it's that simple.
If you are going to quote EW then you must follow the rules, or it's not EW.
Cheers
John
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mayquanxi johnm600
@johnm600, I need its true to earn money more than follow rules, you can follow or non
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From the EW book "wave 4 never enters the price territory of wave 1" is a rule.
Your wave 1 is 93.75 and your wave 4 is 93.5, so it does enter the price territory.
Whether wave 4 is "longer" that wave 1 is not the issue here.
Cheers
John
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mayquanxi johnm600
@johnm600, there is a wrong here, in this pattern, I just have triangle and Elliot ABC, but what you say is true for ABCD
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Elliott says wave 4 cannot be lower than wave 1
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mayquanxi johnm600
@johnm600,wave 4 almost longer than wave 1 but not completely
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mayquanxi mayquanxi
@mayquanxi, and I were associate it with the trend channel to draw
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