RE: Crypto Contest December 15: MaidSafeCoin — Hive

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RE: Crypto Contest December 15: MaidSafeCoin

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earth-style (25)in #maidsafecoin • 8 years ago

You correct markup? Correction should go to the 4 wave

8 years ago in #maidsafecoin by earth-style (25)

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maarnio (75) 8 years ago

Correction should not exceed wave 1 low.

A correct Elliott wave count must observe three rules:

Wave 2 never retraces more than 100% of wave 1.
Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.

https://en.wikipedia.org/wiki/Elliott_wave_principle

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