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RE: VERGE (XVG) prediction using EWT
Remember, waves 4 can't overlap with 1. If they overlap it's most like a 3,3,5 flat and not 5,3,5 zig zag.
When labeling corrections, it's either a,b,c or a,b,c,d,e and not 1,2,3,4,5 unless a zig zag or a wave c.
Of course! This is exactly what i needed to hear. Sometimes i forget simple rules in order to fit what the graph looks like on first sight.
This looks much more applicable:
(3,3,5 flat correction with extended 3rd & wave C 1.618x longer than wave A - also noting alteration between wave 2 & 4)
Im also interested to hear your thoughts on the H&S pattern we have for Verge? Neckline has already been breached twice but only momentarily.