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    • skyhok replied Jul 10, 2017

      C waves are 5 waves either: 1. impulse waves or 2. ending diagonals. While ending diagonals can be either: 1. converging (wedge) or 2. expanding Not so much of my preferred way of always counting wave C as expanding ED. It's when one encounter a ...

      Elliott Wave Trading
    • skyhok replied Jul 10, 2017

      You are right that the count from 29 June top is corrective, being a 5 waves 3-3-3-3-3 wave (c) blue. There's nothing confrontative about it, just a development from traditional Elliott Wave 3-3-5 (a)-(b)-(c) corrective pattern. Except that this ...

      Elliott Wave Trading
    • skyhok replied Jul 3, 2017

      GBPUSD H4 Examples of wave 4s alternate with 2s. The logic: 1. If a wave 4 does not alternate with wave 2, most likely it is not a wave 4 or the wave 4 isn't complete. 2. Since wave 4 alternates with 2, the 1-3 & 2-4 channel lines are seldom (if ...

      Elliott Wave Trading
    • skyhok replied Jun 20, 2017

      Yes, it's been forming an irregular flat since 23 May as a wave [4]. As wave count takes more significance than any other criteria, an impulse wave c yellow has been developing since 10 April low & treating it as an impulse wave: Since this impulse ...

      Elliott Wave Trading