Since we have entered the LR200 we have made two clear legs up as drawn with the Fixb Extension.
Currently the LR50 is downward indicating a correction before our 3rd leg up. My entry is based on the 2.B position of the numerical ordering of wave theory.
1 - Impulse
2 - Corrective
3 - Impulse
4 - Corrective
5 - impulse
A. B and C are part of a correction of waves 1 - 5 in a bigger wave on a larger time frame.
This is the Elliot wave summary for all my novice traders.
Currently the LR50 is downward indicating a correction before our 3rd leg up. My entry is based on the 2.B position of the numerical ordering of wave theory.
1 - Impulse
2 - Corrective
3 - Impulse
4 - Corrective
5 - impulse
A. B and C are part of a correction of waves 1 - 5 in a bigger wave on a larger time frame.
This is the Elliot wave summary for all my novice traders.