Elliott counting this way like some may suggest, Y R "WRONG"
You need another count here for a top if you are bearish.
Contracting diagonals always have a shorter wave 3 than wave 1 (in terms of percentage gain/loss)
Contracting diagonals always have a shorter wave 5 than wave 3 (in terms of percentage gain/loss)
Contracting diagonals always have a shorter wave 4 than wave 2 (in terms of percentage gain/loss)
Contracting diagonals always have a shorter wave 3 than wave 1 (in terms of percentage gain/loss)
Contracting diagonals always have a shorter wave 5 than wave 3 (in terms of percentage gain/loss)
Contracting diagonals always have a shorter wave 4 than wave 2 (in terms of percentage gain/loss)
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
Disclaimer
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.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
Disclaimer
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.