I disagree with this wave count, the post pattern reaction makes no sense.
If wave 4 overlaps wave 1, it's a terminal impulse, so you need an explosive rally, which is not there.
IvanLabrie
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I pasted the wrong link haha. (that cadchf does look good btw) :)
NTrading
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Thank you for your ideas and all the educational articles you provide us.
But in this post i will disagree with the 2nd picture. According to Elliott Wave rules "Wave 4 never moves into wave 1 range". Your counting seems wrong at least according to Elliott Wave rules
I disagree with this wave count, the post pattern reaction makes no sense.
If wave 4 overlaps wave 1, it's a terminal impulse, so you need an explosive rally, which is not there.