Yep sort of but that ones a little bit messy. ideally we want this..and importantly for the set up is the initial "low and higher low" or dbl bottom and the zig zag retrace to 50%...this is an ideal set up below but there are different variations of it which are not strictly Elliott wave or perhaps are just beyond my understanding of it..but the most important thing is the GC and zig zag to 50% imo..this whole set up is really quite common, but the trick is to find them and to stay on top of them while the set up is in progress.
