This is why you suck at identifying Elliott Wave channels

2019년 6월 15일

If you have read the holy bible of elliott waves, you would know that Elliott wave guidelines suggest that you:

1. draw a straight line from end of wave 1 to end of wave 3
2. draw a parallel line from the end of wave 2 (parallel to the line we made in 1.)
3.if end of wave 4 is not on this line, adjust projection for wave 5 by drawing a parallel line to the line connecting end of wave 4 to end of wave 2, at end of wave 3.
4. Extended may break the channel :)


Note: there is no mention that the smaller waves within these waves have to be inside the channel. only the starting point and ending point are considered.

2019년 6월 15일

노트

Comment below if you understood this well :)