Can I numerate wicks as sub waves in forcefull trending moves?

Hi Traders,

Two days ago I learned about Elliot waves and have been drawing legs on very chart I pull up ; Considering the possibility of having a horizontal triangle as the first corrective mode in an ending diagonal, where would you draw the next sub-waves in the second picture(QMF2022, 1h)? can we pick wicks as minor pivot points?

Thanks a ton

 

yes but too subjective to be useful

 

Hi Traider, Which one out of these two makes more sense?

 

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Generally true;
but certain exception$ apply.TWO days usually has too few bid \asks spreads in them for me

 

Wave 4 traded well into wave 1 (three times on both scales). A no no.

Start with that.