Wave structure as a tool for verifying wave counts
As shown on this chart, wave 3 is rarely obvious at its inception (in addition, volume is heavy).
Wave degree:
Primary: Wave 3 (larger degree),
Intermediate: Wave 3,
minor: Wave 3,
Structures:
Wave 1 = Corrective rally,
Wave 2 = Impulsive decline,
Wave 3 = Time will show (Personally: Impulsive rally)
Comment:
