Elliot wave question

Discussion in 'Technical Analysis' started by crimony, Sep 2, 2006.

  1. crimony


    Does wave 1 (of a 1-2-3-4-5 impulse phase) have to exceed wave B (of an A-B-C corrective phase)?
  2. No
  3. If the A-B-C correction is an "expanded flat", "B" will exceed the high of "1". You have to count carefully and not mistake the high of "B" for the high of "1".