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RE: BTC analysis....Watch Very Carefully, when it's done, it's done!
Excuse the noob question but what dictates the position of wave 1? Beause it follows the last major correction?
Excuse the noob question but what dictates the position of wave 1? Beause it follows the last major correction?
Yes, after abc correction, an impulsive 5 wave is followed. The wave 1 of this is also subdivided by 5 waves. In other words, post abc correction, I look for five waves where wave 3 is never the shortest but doesn't have to be the longest.
More can be learned at www.elliottwave.com
Thanks, I really appreciate it! Thanks for sharing your wisdom. Best Steemit user I have found this week!