This is the same count I have posted earlier, and the notation in labeling is corrected to give better clarity. Primary waves marked in square bracket instead circle.
We are in wave 3 black, of Wave(5)pink, of Wave [3] violet, of Wave III blue....
ie: 3 of (5) , of [3] of III as labeled & list shown above.
The fractal of the Minor wave shall be shown in a separate view, will have many internal waves in minute, minuette and subminuette levels.
We may be at the end of a minute wave 1 (not shown here) in a minor wave 3 (up to the black label shown above), Please Don’t get confused, Which I will post it later in the updates for a close up look .
@padiyaraa, Sir, Your Wave count of Wave (4) which is @ 6825 .... Wave (4) seems to be too Deep more than 50%. It should be in relation with Wave (2) Alteration rule. Can you please explain
padiyara
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@HappyVijay,
wave 4 can be of 38% ,50 % 0r even 62 %. Note that , why the rule says it shall not enter in to the are of wave 2.
And about the alternation rule, it is very obvious that the pattern and the complexity is different from one another,
for more details, we have to go in to the sub waves.
If you have any valid point of disagreement please put it in the details,and we will study that.
HappyVijay
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@padiyaraa, Thanks sir for explaining. So if wave 4 is Deep like right now then will it effect length of Wave 5! I mean will it be longer or simillar to wave 1, already wave 3 is extended, or is it the reason why wave 4 is Deep ? Looking forward to your explanation.
padiyara
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@HappyVijay, Wave 4 normally retrace less, especially the 4 of 3. but in exceptional case, we have to accept all that.
i red somewhere that,although these are quoted as rules, Elliott himself in his original writing never referred to these as strict rules, he used phrases like "should and rarely" etcto describe them. As such, the label of Elliott wave rules was probably added in later years in an attempt to make the principle less ambiguous and more structured and exact.
I think the market condition at that time made it deeper for wave 4. how can we assume that the mass behaved in anticipation of a far future scenario , like a forth coming extended wave 5...ok
your assumption may be right, wve3 is extended here. So wave 5 could be equal wave 1.
HappyVijay
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@padiyaraa, Great Great Nice Nice Thanks for logical Explaination