I believe for this to be qualified as an Elliot wave, wave 3 must be longer than wave 1 and 5. We don't see that with this analysis. We see wave 5 as the longest.
minthooka
⋅
@Troy_Brave, Yes the rule is that wave 3 can not be the shortest of the waves. This can still be traded as such. Even if wave 4 dips slightly into wave 1, I still trade it.
NerosIam
⋅
I'm in with you at 243 . Looking forward to the ride! Thanks for the great posts.
mightytrader
⋅
Nah... it's too expensive. Maybe I buy when it's $40.