This would be the alternate to obvious impulsive 5 waves where waves 1 and 4 are not supposed to be overlapping.
This spike was quite strong and it still respects the elliott wave rules.
However , there could be a diagonal forming to end it.
Ending diagonals that contract are Gods gift, simply because every incoming wave needs to be smaller than the previous one.
Which gives us more precision when it comes to setting our entries and stops
This spike was quite strong and it still respects the elliott wave rules.
However , there could be a diagonal forming to end it.
Ending diagonals that contract are Gods gift, simply because every incoming wave needs to be smaller than the previous one.
Which gives us more precision when it comes to setting our entries and stops
Note
Did i get it up until now? Note
Dont fomo on this move.Smells like a flat corrective
Note
Possibilities. Blue triang or yellow flat.
Note
The triangle would be way too large comparing to a wave 2. But putting it out there as a possibility.Note
Count updated . If we didnt bottom here, i would suggest two potential roads presented in red. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.