tag:blogger.com,1999:blog-4251274909260261631.post8192868427573936897..comments2024-03-28T08:36:02.955-04:00Comments on Elliott_Trader: Last Chance 4th WaveElliott_Traderhttp://www.blogger.com/profile/14941335198945083652noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4251274909260261631.post-25353684159575002762017-03-22T23:13:16.809-04:002017-03-22T23:13:16.809-04:00Because the sub-waves of 1 have less than 50 - 62%...Because the sub-waves of 1 have less than 50 - 62% retraces, that is, no retraces that are characteristic of an impulse wave with an extended third wave, it essentially counts as "an impulse in a wedge shape" or what is formally known as an extended first wave. You'll notice it's minute ((iii)) wave is NOT the longest wave in the sequence. I wrote extensively about this wedge shape as it was forming.<br /><br />So, when the wedge shape begins to form, one looks for the type of exaggerated alternation I referred to in the prior blog post of the ES. Both (iv) and ((iv)) are short-lived in that regard. Hope this helps. Elliott_Traderhttps://www.blogger.com/profile/14941335198945083652noreply@blogger.comtag:blogger.com,1999:blog-4251274909260261631.post-62086297796281051072017-03-22T21:53:28.425-04:002017-03-22T21:53:28.425-04:00good to see this alternate counts. My only concern...good to see this alternate counts. My only concern/question is that you are not applying the same methodology to sub-waves of 1. For instance, EWO on most time frames would not return to 0 for ((iv)) of 1. I understand the methodology may not be universally applied to all fractals. Just want to understand how you make that decision.<br /><br />Thanks.kavihttps://www.blogger.com/profile/05828478744620334230noreply@blogger.com