I now remember that you already explained this approach earlier in this thread, but thanks. I think at least at the moment I stick to the rules - few of them and easy to follow. But it is also interesting to keep your school's approach in mind, and check from time to time how this "looser" approach would have worked.
Here a couple alternate counts for uj. Triangle play also here?
EDT: the first alternate is not correct, last wave has to an impulse (or ending diagonal).
Here a couple alternate counts for uj. Triangle play also here?
EDT: the first alternate is not correct, last wave has to an impulse (or ending diagonal).
DislikedWell see the EW school of thought that I learned is about trading and not theory and holding fast to "rules". Prechter and his EWI bunch are all about having never this and never that. Mr Elliott originally had his wave counts and nothing much else but after the public wanted certainty (which can never be so) did he add some "rules".
So moving down to a 1H chart it does indeed close into wave 1 range by a couple of measly pips. Going into a shorter timeframe by much more.
But even though price can be broken down into smaller and smaller...Ignored