easy · Elliott Wave Theory
You see a rally with two identical corrections. Both were zigzags, both retraced exactly 50%, and both lasted 10 days.
Why might you doubt this is a single five-wave impulse?
- It violates the Rule of Equality.
- Zigzags are not allowed in Wave 4 positions.
- It violates the Guideline of Alternation.
- The corrections are too shallow for an impulse.
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