PlanB is wrong - Elliot waves count proves
According to my waves count PlanB is wrong.
The top of previous bull market was in November of 2021. The vertical blue line on the chart is start of the intermediary grade of bull market.
This is proven by wave equality rule - the May 2021 decline was a 4th wave, and the June 2019 decline was a second wave of intermediate degree.
This proof is also verified by the Elliot rule - the third wave cannot be the shortest. In fact, the third wave of previous bull market was an Extension of intermediate grade (in terms of Elliot waves principle).
Thus, the entire 2023 action was just a stretched B wave of a Bear market.
You can see the labeling on the chart by yourself.
Good luck in your trading and have a massive profit!
The top of previous bull market was in November of 2021. The vertical blue line on the chart is start of the intermediary grade of bull market.
This is proven by wave equality rule - the May 2021 decline was a 4th wave, and the June 2019 decline was a second wave of intermediate degree.
This proof is also verified by the Elliot rule - the third wave cannot be the shortest. In fact, the third wave of previous bull market was an Extension of intermediate grade (in terms of Elliot waves principle).
Thus, the entire 2023 action was just a stretched B wave of a Bear market.
You can see the labeling on the chart by yourself.
Good luck in your trading and have a massive profit!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.