DislikedYes. Those are evolution steps in evolving those waves.That was kinda my point.
Next point is, there are totally different waves in FX market, Futures market, Equity market, whatever. It is because there are different investor crowds. Different behaviour, different waves.
Edit: Moreover. Now I saw you wrote "technical". It is technical tool to measure psychological behaviour. Psychology aint having strict rules and is evolving.
T.Ignored
DislikedHi Tom,
sorry, but the waves are not different in different markets. There are impuls-waves (motive waves) followed by corrective waves. We have about one hand full of different motive waves and 3 hand full of different corrective waves. The markets essential form is 5 waves to progress and 3 waves to regress.
The only big difference I see in different markets is between Gold and the rest, since in currencies, stocks or whatever wave 5 is carried by greed and in Gold wave 5 is a reflection of panic.
You wrote: "Psychology aint having...Ignored
But .. ah.. difficult
u know the rational is.. all any type of markets are.. THE OVERBOUGHT and THE OVERSOUGHT IS STILL RATIONAL AND LOGIC...
Ew is not enough to analysis by itself alone, me.. i believe
Let me say this
Mr Elliott works is more gives priority to price compare to time instead of Mr Gann is more concerned to the time by in his works
and The law of chart and Market behaviour i have to considered too