What happens if the price drops below the beginning of the Wave 1? What would be the correct count in this case?
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What happens if the price drops below the beginning of the Wave 1? What would be the correct count in this case?
It would most likely be an ABC. So, what happens after an ABC correction? A reversal in trend that in this case that'll be up. So, a different count, but same reversal of direction. Lower low would be better buys given the reversal outcome expected.