TECHNICAL ANALYSIS

[Ikky]

QUESTION ABOUT ELLIOT WAVES

Hi,

i need ask a very simple question about Elliot waves.

I've read some info here and there, and more or less i've got the meaning of such waves but i just can't understand a thing...

So we have a wave done of 1,2,3,4,5 + abc waves

so lets say the impulse movement goes down (from 1 to 5) then the abc should be a correction going up

then

when the c wave is finished.. starts a new 1, 2, and so

but.. but..

following this pattern this stock should continue to drop and drop

because in this scenario the new wave 1 should still be an impulse going down (coz the wave before of this, the C was a wave going up, thats why i say 1 must go down) so..

can somebody explain me how figure out a reversal?

i mean, after a 1-5 down and a a-c up ..
how do i sort out if the new 1 goes up? coz doesnt seems possible, no?

Thanks!