Just some speculation based on a few resistance lines and the pattern we've seen over past few months. 5 count into correction wave
Comment
⋅
So this wave has played out very nicely. Made an amateur mistake with a leg 3 being too short, but otherwise its been accurate. Just waiting for pullback now.
Comment
⋅
Target hit. Expecting retrace soon(ish). Cautiously still long with portion of positions.
" wave 3 is often the longest and never the shortest among waves 1, 3 and 5. As long as wave 3 undergoes a greater percentage movement than either wave 1 or 5, this rule is satisfied"
Ellionator
⋅
@cheretic, Thanks. Still learning. I suppose yes if I made wave 3 the correct length this idea would be very close to manifesting.
" wave 3 is often the longest and never the shortest among waves 1, 3 and 5. As long as wave 3 undergoes a greater percentage movement than either wave 1 or 5, this rule is satisfied"