Hi
I've been re-reading all the manuals this weekend and I have a question in relation to Elliot Wave.
Accepting the 1-5 impulse wave followed by the abc correction phase, is there a way to spot if the correction is simply a correction prior to a second set of impulse waves or if the correction is more indicative of a change in trend?
Thanks
Mike
Spotting a trend change on Elliot Wave
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Re: Spotting a trend change on Elliot Wave
Hi John,
Apart from hindsight the only way is to go up a TF and see where that count is. So if the higher is at the end of a 1-5 as well then it could well be a trend change..
Cheers
Grant
Apart from hindsight the only way is to go up a TF and see where that count is. So if the higher is at the end of a 1-5 as well then it could well be a trend change..
Cheers
Grant
success = patience + discipline - greed