Elliot Wave
analysis is a good tool/equipment on wave counting which projects their
usual retracements and movements including emotional aspects.
Elliot
Wave analysis is here to help us do counting on wave movements, a
little time consuming and more important is that the trader needs to
adjust hit points when unexpected count occur. At times, wave count end
earlier than expected, at times, waves extend, extend and over extend.
Charts above are illustrations of Tony Caldaro, and one of the potential Elliot Wave count out there.
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