Hi,
I am new to elliot wave counting. My question is, how would I know whether graph 1 or graph 2 is correct counting ? They both fit the 3 rules of :
(1) Wave 2 does not extend beyond the start of wave 1
(2) wave 4 does not enter price territory of wave 1
(3) wave 3 is not the shortest of the wave.
Graph 1:
Graph 2:
I am new to elliot wave counting. My question is, how would I know whether graph 1 or graph 2 is correct counting ? They both fit the 3 rules of :
(1) Wave 2 does not extend beyond the start of wave 1
(2) wave 4 does not enter price territory of wave 1
(3) wave 3 is not the shortest of the wave.
Graph 1:
Graph 2: