I understand every thing about the elliot wave theory but can someone help me identifiy this guideline, on the school it states -
[B][U]Wave 5, more often than not, goes beyond or “breaks through” the trend line drawn off Wave 3 parallel to a trend line connecting the start of Waves 3[/U][/B]
any chance sombody can show me a chart describing this?
thank you in advanced
I think that Elliot Wave is excellent technique, but also heavy one. I mean, it is easy to follow where fourth and fifth waives will be, but certainly most hardest is to sport first three levels. I still haven’t managed to spot them in advance