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Elliott Wave basic part 1

BITBAY:BTCUSD   Bitcoin / U.S. Dollar
In the Five-Wave pattern, 3 of the waves are in the Directional Movement they are 1,3 and 5.
The remaining 2 waves are Countertrend interruption they are 2 and 4.
Waves 2 and 4 are necessary for the directional movement to happen.

3 Rules of Wave Pattern
>Wave 2 can never overlap wave 1
>Wave 3 can never be the shortest
>Wave 4 never enters the wave 1

Waves 1,3 and 5 are motive waves. They are powerfully compel
Waves 2 and 4 are countertrend. They are a response to the preceding.

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