Elliott's Basic Counting Theory

BULL MARKETS

Elliott's rules state that each expansion will unfold in a 5 wave sequence or 7 or 9 waves with extensions.

Waves 1, 3, 5, 7 & 9 will be impulse moves MADE UP OF 5 WAVES in the direction of the primary trend.

Waves 2, 4, 6 & 8 will be corrections to the main trend MADE UP OF...

 

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