Elliott Wave - question
#1
Posted 06 June 2007 - 12:11 PM
#2
Posted 06 June 2007 - 01:04 PM
No...not within the same degree of trend.In order words, is wave 5, after having passed top of wave 3, allowed to come back down below 3 before moving up again and finishing off wave 5
Situations such as those you've outlined would suggest that a smaller degree of trend has completed (a simple 5 wave structure), and that the larger degree of trend continues to unwind within this same tiering relationship.
Of course all of this depends if you're looking at a 5 wave structure to begin with, but hopefully this general review helps you out.
Fib
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#3
Posted 06 June 2007 - 02:25 PM
Top of wave 3 at 418
Bottom of wave 4 at 348
And then currently in wave 5
wave 5 can be split into separate waves as there was a top at 488 (february), before moving down to 440 (february crash)
Then coming up to 502, but today moving down to 487 (not below the big wave 3, but below wave 3 of 5)
Initially I had forecast a move to 525, so therefore I am now wondering if the move down to 487 has defined a top and the end of wave 5 of 5
Hope you understand, otherwise I will try again.
Thanks!
No...not within the same degree of trend.In order words, is wave 5, after having passed top of wave 3, allowed to come back down below 3 before moving up again and finishing off wave 5
Situations such as those you've outlined would suggest that a smaller degree of trend has completed (a simple 5 wave structure), and that the larger degree of trend continues to unwind within this same tiering relationship.
Of course all of this depends if you're looking at a 5 wave structure to begin with, but hopefully this general review helps you out.
Fib
#4
Posted 06 June 2007 - 02:33 PM
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#5
Posted 07 June 2007 - 02:12 AM