easy · Elliott Wave Theory alternation
A developing impulse breaks below its Elliott channel, but it has not crossed the structural invalidation level for the preferred count.
What is the disciplined conclusion?
- The invalidation level should be removed
- The break is a warning that reduces confidence, while the count remains possible until its rule-based invalidation
- The count is automatically invalid because Elliott channels are absolute boundaries price may never cross during an impulse
- The channel break guarantees a reversal
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