Since this was a downward cycle of three waves, if price breaks the trend line, would you be expecting a three wave upward sequence or can it be five waves also?
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Since this was a downward cycle of three waves, if price breaks the trend line, would you be expecting a three wave upward sequence or can it be five waves also?
Posted using Partiko Android
It would be a five wave. They always alternate. Since the red ABC are complete, an impulse of five would be expected.