Elliott wave from Cycle to intermediate on BLDP Help
Hi chartists,
I drew a full Eliott wave on the long term chart on BLDP, the big Cycle waves can be seen here:
we are in Cycle wave III now.
of this Cycle wave III, here are the 5 Primary waves:
we are in the last Primary wave 5.
On the hourly chart of Primary wave 5, are the Intermediate waves be zoomed in here:
And here on the intermediate wave level i am stuck, it does not look as I counted wrong.
But have the strongest idea this will go higher.
Solutions:
1) wave 1,2 & 3 gets merged in to wave 1, wave 4 becomes wave 2, but then the problem is that wave 3 is to short.
Solution here would mean wave 3 is an extended wave with an other 5 waves within. as here drawn:
only the 3rd wave within is very long in time compare to the other waves.
2) wave 5 is here the extended wave,
but again, wave 3 within is very long in time compare to the other waves.
What is your opinion? Any other wave count possible?
Is there a point that an extension is not possible any more due to the long time frame it continiues flat?
thanks
I drew a full Eliott wave on the long term chart on BLDP, the big Cycle waves can be seen here:
we are in Cycle wave III now.
of this Cycle wave III, here are the 5 Primary waves:
we are in the last Primary wave 5.
On the hourly chart of Primary wave 5, are the Intermediate waves be zoomed in here:
And here on the intermediate wave level i am stuck, it does not look as I counted wrong.
But have the strongest idea this will go higher.
Solutions:
1) wave 1,2 & 3 gets merged in to wave 1, wave 4 becomes wave 2, but then the problem is that wave 3 is to short.
Solution here would mean wave 3 is an extended wave with an other 5 waves within. as here drawn:
only the 3rd wave within is very long in time compare to the other waves.
2) wave 5 is here the extended wave,
What is your opinion? Any other wave count possible?
Is there a point that an extension is not possible any more due to the long time frame it continiues flat?
thanks
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