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    Practical application of Elliott Wave Theory:
    After wave 1 up reached its high wave 2 down is correcting wave 1up!

    Wave i: When the first wave of a new impulse wave begins, the previous down Move is considered still strongly in force.
    Wave ii: The second wave corrects wave1, but can never extend beyond the starting point of wave 1.
    https://hotcopper.com.au/data/attachments/3811/3811692-ec67697ca8c9d232625c984d0a84c6aa.jpg
    Wave iii: Wave three is usually the largest and most powerful wave in a trend
    https://hotcopper.com.au/data/attachments/3812/3812098-d229c47650deb0271fb4ab255ded24ea.jpg


    Last edited by FlashPoint: 19/11/21
 
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