"So... more selling?" Julian asked, his heart sinking.
The market wasn't just lines on a screen; it was human nature measured in math. The sheet listed the "Golden Rules":
One of the motive waves usually extends significantly longer than the others. In equity markets, Wave 3 is almost always the extended wave. Channeling
"Mento?" Julian asked, confused.
: Details on the internal sub-wave counts (e.g., 5-3-5-3-5 for an impulse). Position Guidelines
Look at a higher-timeframe chart (like a daily or weekly chart) to see if you are in a massive 5-wave advance or a 3-wave decline.
The Ultimate Elliott Wave Cheat Sheet: Master the Market’s Natural Rhythm