Well technical analysis of Price data , is based on two Methodological system
01) Function of Price ( Rapid Rate of change)
02) Function of Time ( Slow rate of change )
During Function of Price, Price moves faster ignoring the time taken to move it
for example it can move in 15 mints more than 5 % by price and pause before making another move of 3 % during the same day or following day
During Function of Time , Price moves back and forward creating an complex structure or Pattern which we call it as Corrective Patterns , Corrective patterns tend to consume more time to make price moves but do not move in rapid manner
I am updating this as a common message those who have asked me about time factor , Now it has completed its Function of Time and it can move anytime in rapid manner
I wonder those who are trying to teach Elliott wave or any system have a knowledge of this kind , if you see anyone who is running a telegram claiming he or she knows everything , demand Balance sheet or P & L for last 6 Months , You will come to know the results very Quickly
Good luck , I want to repeat again wait for strong close on 2 hour if you lose few points let it go , but you will be more assured for the next up side move