Not sure exactly how your ABC works; but if Elliott Waves based, then the channel would usually have abcde.
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Not sure exactly how your ABC works; but if Elliott Waves based, then the channel would usually have abcde.
I'm not 100% Eliot wave trader. My abc is corective structure of 2nd move as you showed, but here could be a bigger abc corective structure with abc in the middle. Not always you will see 1,2,3,4,5 moves up as Elliot wave theory says, sometimes it can be just 1,2,3 corrective move.