We follow same plan. If we have a (b) wave later then we could say our retracement was (a) in 5 waves (i-v), else without (b) and a shoot straight up we could say our retracement was a w-x-y-x-z and that is the end of wave 2.
Note
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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.