BHP 2.16% $42.06 bhp group limited

wxzy weekly elliott waves, page-2

  1. 699 Posts.
    Lappy,

    Interesting analysis, but i have some fundamental problems with your Elliot Wave numbering, in particular the following rules have been violated:

    1) Wave 3 cannot be more than 7 times Wave 1 by price.

    2) Although there is no minimum time constraint for Wave 3, its absolute maximum time limit is 7 times Wave 1

    The complete list of Elliot wave rules and guidelines can be found at :

    http://www.geocities.com/WallStreet/Exchange/9807/Charts/SP500-Articles/EWRules.htm

    Its quite extensive but I recommend it to all Ellioticians

    Happy days :)
 
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