RAC - Charts & Price Action, page-8483

Keen the hear the chartoid's opinions on this....

"The ABCDE correction often takes place during the fourth Elliott wave but can occur also in the second wave. It is a consolidation in a triangle with a distinctive price structure (3,3,3,3,3). The triangle is subdivided into five minor waves (ABCDE), where each wave is subdivided into three minor waves."




Considering that this correction often 'takes place during the 4th wave but can also appear in the 2nd wave'; could we be looking at a potential big wave 3 from here? The abcde looked to occur over December/January (small wave 4). We managed to keep our head above the 200MA. Think we could see that retested as part of a final abcde correction in wave 2?



Big Wave 1 driven by FTO potential and revalidation of historical chemotherapeutic trial data - Big Wave 3 driven by FTO data and combo chemotherapeutic trial results?