medium · Elliott Wave Theory ewt-core
A trader counts 7 swings in a trending move on a daily chart.
According to the Swing Count Validation technique, what should the trader conclude?
- The market is transitioning into a corrective phase, not trending.
- The trend is ending soon because 7 is seen as a lucky Fibonacci-related number.
- The count is likely incomplete because 7 is not in the valid series.
- This is a textbook perfect simple impulse, with no extension or truncation anywhere.
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