Sometime Elliott wave principle couldn't explain the characteristic of wave which occurs on the price chart, because price movement behaves like impulse wave but not as the wave principle applied rules. This is why Glenn Neely has the explanation in this behavior in his NeoWave Theory. Neither Small X wave nor Large X wave those never been told in The elliott wave principle.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.