IDEA IS BASED ON A COMBINATION OF ELLIOT WAVE THEORY AND MEDIAN LINE ANALYSIS. THE RATIONALE BEHIND THIS TECHNICAL ANALYSIS IS SHOWN ON THE CHART ALONG WITH SPECIFIC TARGETS. THIS IDEA IS NOT MEANT AS TRADING ADVICE!! IF YOU COPY MY SETUP PLEASE DO SO ON YOUR OWN RESPONSIBILITY. GOOD LUCK
your major Elliott wave number 4 (ie your 2nd proposed abc retracement) completely invades wave number 1's territory, which, is not allowed in theory
NQunlocked
⋅
I don't understand what you mean, these are two completely separate subdivided waves. There is no wave 1 territory, well there is but my count doesn't go that far back. Cheers
AdamJames
⋅
I get you, if they aren't part of the same wave sequence then it doesn't count. good analysis though!