I do enjoy your videos but some of your counts do violate the elliot principle. In this vid you count W1 as extended, with the next two impulsive waves being 3 and 5 however W5 is longer than W3 by a few pips. By the principle W3 cannot be the shortest wave. Where you label W5 I actually labelled W3 because of this.
In another video I see some other violations of the EW rules. Not sure if you are aware of that and use a different approach to EW or not.
well spotted, and wave 3 was shorter by only 0.8 of a pip. I checked if less than one pip was enough to invalidate the wave count with the experts at EWI and yes, I later did invalidate this count on that basis.
well spotted. It is actually, by 0.8 pip. Is 0.8 of a pip enough to invalidate this wave count? I asked this question in the video just before this one. If anyone has a definitive answer to this question, please let me know. I do think this casts doubt on the wave count...
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see my count in elliottions.blogspot.com/
abseman 1 year ago
I do enjoy your videos but some of your counts do violate the elliot principle. In this vid you count W1 as extended, with the next two impulsive waves being 3 and 5 however W5 is longer than W3 by a few pips. By the principle W3 cannot be the shortest wave. Where you label W5 I actually labelled W3 because of this.
In another video I see some other violations of the EW rules. Not sure if you are aware of that and use a different approach to EW or not.
Hope that helps..
Cheers.
kosai19 2 years ago
well spotted, and wave 3 was shorter by only 0.8 of a pip. I checked if less than one pip was enough to invalidate the wave count with the experts at EWI and yes, I later did invalidate this count on that basis.
forexinfousa 2 years ago
Price could possibly consolidate a bit before dropping. I believe 1.4500 is our line in the sand. Nice video Lara keep posting I like your thoughts!
Thanks,
Kevin G
dgib1038 2 years ago
wave 3 seems to be the shortest in your count.
MacPlauz 2 years ago
well spotted. It is actually, by 0.8 pip. Is 0.8 of a pip enough to invalidate this wave count? I asked this question in the video just before this one. If anyone has a definitive answer to this question, please let me know. I do think this casts doubt on the wave count...
forexinfousa 2 years ago
Monday is going to be big and very important day!
spoteuro 2 years ago