i am no pro, but your (blue) 4 overlaps with 1. as i know, thats not possible in EW count!
and in your second picture leg 3 is the shortest, also not possible in EW-count!?
WiseTraderIO
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@creck, first of all thanks for the comment.
1) 4 cannot go below 2
2) leg 5 cannot be the shortest leg (for commodities wave 5 tents to be the largest one)
Leg 3 often extends leg 1 by a ratio of 1.618:1.
And the correction often goes between 3-4
creck
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@papadiotis, if you google EW rules, there are always the 3 rules:
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
Rule 2: Wave 3 can never be the shortest of the three impulse waves.
Rule 3: Wave 4 can never overlap Wave 1.
thats why i am asking. but i found, point 3 is possible in VERY rare cases
WiseTraderIO
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@creck, fair point again!
Leg 1 is priced at 2976 at 2017-06-11
and leg 4 at the same price at 2017-09-15
The dollar move from 0 to 1 is 2100 usd and the dollar value move from 2 to 3 is 3100 usd
So leg 3 is not the shortest.
Do not forget that the chart is in log scale, thus waves get distorted.
WiseTraderIO
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@creck, also for shorter term Elliott waves you will quite often find that 1 and 4 can overlap. Especially with Atlcoin to Btc pairs