4 September 2022

Supplement: Subwave i Wave Count

I thought it would be interesting to show the wave count of the recent large impulse wave, Subwave i (red), which I did not show so as not to clutter the Daily Chart. You can see that Subwave i consists of five minor waves, with an extended third minor wave. The wave count fully complies with the Elliott Wave Principle, i.e. no rule is broken. This has been the case with all the wave counts I have presented in my blog. It is amazing to see the consistency and validity of the Elliott Wave Principle, and indeed its beauty.

Previous    Archive     Next