I think the first 5 waves goes up, DONT BUY NOW, at least wait untill a consolidation.
So buy when the price go a bit lower.
I think the first 5 waves goes up, DONT BUY NOW, at least wait untill a consolidation.
So buy when the price go a bit lower.
Hi aikel,
wave 2 is always a correction (3 waves pattern, not 5)
Best Regards
Hi @twinner From what I see, I've draw the wave 2 as a correction going down, where do you think I'm wrong?
:) I just want to learn
If wave 2 is a triangle, abcde is the label unless a leadig diagonal, then 1,2,3,4,5 is fine and overlap of 4,1 is ok. The Elliott Wave Principle book might help.
All right boss :)