Hey discovered something new!..been looking at this for a while and wondering what to do when price breaks outside of the EW channel which is set over w1 high and wave 2 low..because sometimes we get a slow and steady 100% move (or 3rd wave) like in the case of ESR, VR1, NVA, TMG etc but then other times the w3 breaks outside of the channel very early and goes parabolic like in the cases on MTM or currently GCM..I`ve checked quite a few of these latter ones and they clearly go right up to 2.618%..so these cases are an extended wave 3...I`ve been waiting for GCM to retrace 50% but I dont believe it will now.. but rather head to 2.618%..?
