Lennar Corporation (LEN): Elliott Wave Nested 1,2 Setup

in money •  6 months ago

SUMMARY

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Here is an example of what's called a nested 1,2 setup. Note how the initial ramp up in five (white) is almost being mimicked by the blue impulse sequence. However, the blue is of a lesser degree of trend than the white. So, how exactly does this become a nested 1,2?

The purple cycle degree of trend shows that 1 and 2 are complete. The subwaves of purple 3 are shown in white. The lesser degree of trend white 1,2 are nested within the higher degree of trend purpled 1,2. White wave 2 of purple 3 is a correction that is currently in progress and once complete, white wave 3 would bring about all time new highs.

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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
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Tutorial on the use of Fibonacci & Elliott Waves
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Informative posts about crypto analysis @haejin and thanks for useful links

12, 12?
len.png

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I thought it was extended 5th at big 1st wave up.

I always wonder if you ever use a bidbot, or post promotion on your posts, thanks for your contribution on this steem blockchain, hoping for more from you. @haejin