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Since we have had a few posts about elliott wave and markets. I would like
to ask a question.
If you have a up move a have a clear 5 waves up then the market starts
down:
1. How can you tell if the down move is going to be an A,B,C correction
or a 1,2,3, of a new 5 wave down trend?
And how soon can one tell which it is?
During the A or 1 wave?
During the B or 2 wave?
During the C or 3rd wave?
Any indicators that tip the correct waves off?
I can see that in trading it may not matter which wave as long as you are
short during the down move.
But I am sure there must be a simple way to tell what is going on, so one
can be ready for the 4th and 5th waves down or the 1,2,3,4,5 waves up.
Any ideas?
Thanks,
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