Wave 4 may not enter the territory of wave 1. #fail
If wave 2 retraces a lot, wave 4 will most often not #fail
Have you considered your wave 3 to be just wave 1 ?
So the bottom of wave 4 "could be" just in, and wave 5 should end at around $9226.
We "hopefully" now in a few hours :)
CryptoVulture
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@severt, I encourage you do do more research on elliot waves my friend. Diagonals absolutely can have wave 4 cross into wave 1, in fact it is a great indicator of a diagonal. Here is the exact wording - • "Leading diagonal is usually characterized by overlapping wave 1 and 4 and also by the wedge shape but overlap between wave 1 and 4 is not a condition, it may or may not happen"
In regards to the theory of alternation that you mentioned. That only applies in a clean impulse wave, not a diagonal wave. Diagonals have very different rules.
Again, i encourage you to do some more research on diagonals, they are pretty common in cryptos, so that you don't #fail
;-)
Ronnie_Dong
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I agree with you very much.
can you Follow Me?
I hope we can have more communication in the future.
CryptoVulture
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@dongrui, Dong, send me a PM if you are interested in joining the group :)
If wave 2 retraces a lot, wave 4 will most often not #fail
Have you considered your wave 3 to be just wave 1 ?
So the bottom of wave 4 "could be" just in, and wave 5 should end at around $9226.
We "hopefully" now in a few hours :)