I'm so............................
Frustrated.
I had to go back to the basics and check myself
from: http://www.elliott-wave-theory.com/elliott4.html
Design alternative scenarios by labeling a chart
1. Start labeling a chart by taking into
account the following rules and
guidelines:
• Separate impulses from corrections, an
impulse normally shows acceleration and
no overlap, a correction shows a
sideways pattern.
• Waves of the same degree should have the
same proportions, which is especially
important for waves 2 and 4. A minuscule
4th wave cannot belong to a big wave 2
and so on.
• Wave 2 can never retrace more than 100%
nor go beyond the origin of wave 1.
• Wave 3 normally is the longest wave and
shows the most powerful acceleration.
• In wave 3 there is never an overlap
between wave 4 and 1, as occurs in fifth
waves (and first or A waves.
• Label the big picture, is it a three or
a five?
• Label more in detail, by labeling the
smaller wave degrees initially, then go
back to the large wave degrees, changing
your labels if necessary.
More...
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• In wave 3 there is never an overlap between wave 4 and 1, as occurs in fifth waves (and first or A waves.
This is how I had it... 3 cannot overlap 1... I submit 5 is in.
This is probably more like it and I'm praying for a pullback so I can break even or better.