sorry, but that isn't correct. Wave 2 is a corrective wave and can never go below the start of wave 1. Wave 3 is often 2.61 x Wave 1 when wave 3 is the longest of the 5 waves. However, wave 5 may be the longest wave. I have the same question though: how to determine when the longest wave will be 1, 3 or 5, keeping in mind that 3 can never be the shortest.
By looking at local horizontal support and resistance. It's Haejin's secret sauce. Please review his tutorials. If we are lucky, we may get Elliott Wave Counting Tutorial #4.
Hi Jeff,
sorry, but that isn't correct. Wave 2 is a corrective wave and can never go below the start of wave 1. Wave 3 is often 2.61 x Wave 1 when wave 3 is the longest of the 5 waves. However, wave 5 may be the longest wave. I have the same question though: how to determine when the longest wave will be 1, 3 or 5, keeping in mind that 3 can never be the shortest.
By looking at local horizontal support and resistance. It's Haejin's secret sauce. Please review his tutorials. If we are lucky, we may get Elliott Wave Counting Tutorial #4.
Haejin been studying this for 20 years, he must be in heaven...lol