Just a quick note about your counts.
Some theory about Impulse Waves.
The three rules are:
- Wave 2 cannot retrace more than 100% of Wave 1.
- Wave 3 can never be the shortest of waves 1, 3, and 5.
- Wave 4 can never overlap Wave 1.
RE: Crypto Analysis | BTC and STEEM entering a bigger correction?
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Crypto Analysis | BTC and STEEM entering a bigger correction?
I think all of that applies here? Do you have better suggestion? :)
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At least stick to the rules and give a warning that you do not know the EW theory. This is just your free interpretation of it.
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I actually studied EW theory quite a bit and have found that a dogmatic interpretation of it often does not work. It's not a law of nature ... it's a human idea of how things might work.
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I agree - it can not work if you ignore even the basic rules. 😉
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