🅱️ Elliot Wave Theory | We Are Missing The 5th Wave (Comment)
I am calling all the experts at counting waves based on the Wave Principal, the Elliot Wave Theory system, what do you think?
Are we not missing a 5th wave on this 5-Up Wave Pattern?
While both corrections are "irregular" (irregular based on the wave count [5-3-5 vs 3-3-5] as we can say the second is regular because there is no higher high on the b wave), one went for a month and the other one, still ongoing, more than 2 months, so the alternation is there both in duration and proportion.
Alternative count for the corrections:
An "upwards correction" for the bigger pattern is out of question here based on the chart structure... So we are definitely looking at a bullish impulse.
The only question left is about the current correction. How much longer will it go for, a few days or weeks?
We are missing the fifth wave, don't you agree?
Please share your thoughts in the comments if you understand EW.
Namaste.
Are we not missing a 5th wave on this 5-Up Wave Pattern?
While both corrections are "irregular" (irregular based on the wave count [5-3-5 vs 3-3-5] as we can say the second is regular because there is no higher high on the b wave), one went for a month and the other one, still ongoing, more than 2 months, so the alternation is there both in duration and proportion.
Alternative count for the corrections:
An "upwards correction" for the bigger pattern is out of question here based on the chart structure... So we are definitely looking at a bullish impulse.
The only question left is about the current correction. How much longer will it go for, a few days or weeks?
We are missing the fifth wave, don't you agree?
Please share your thoughts in the comments if you understand EW.
Namaste.
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