September 20, 2022

5. Analysis.

1 bar - 3 days

Schedule period: 1 bar - 3 days.

We consider the same downward movement (388.11-89.59) in the form of a corrective, non-standard wave consisting of two triples or phases.

On the next, smaller chart (1 bar - 3 days), we see that the first three (388.11-300.10), which was monowave on the previous two charts, segments into a complex half here.

This triple is a zigzag in which the B-wave segments into a simple half A-B-C, similar to the flat Elliott figure.

Comparison of the wavelengths A and C of the zigzag (the results of the measurements are shown on the graph) shows that the -C wave failed to overcome 161.8% of the pulse A-wave length. Therefore, our zigzag must be qualified as simple or normal, and not as elongated.

So, the first three (388.11-300.10) of the total downward movement (388.11-89.59) is identified as a standard figure in the form of a regular zigzag.

Examining the B-wave in this zigzag, we see that it segments into a simple half A-B-C, in which the ↓ B-wave almost reached 161.8% of the A-wave length. At the same time, the ↑ C-wave rolled back the ↓ B-wave by only 38.2%, eventually suffering a severe failure. Moreover, the C-wave itself rolled back in a time not exceeding the period of its formation. The measurements show that less than 50% of this period.

Therefore, this half of A-B-C must be qualified as an incorrect failed flat figure that makes up the zigzag B-wave.

It is known that an incorrect failed plane wave should be followed by a wave whose length will be at least 161.8% of the length of the previous pulse wave.

But in our A-B-C zigzag, the -C wavelength did not reach 161.8% of the-A wavelength. That is, the market could not reach the level set by wave-C to the level set by wave-B.

However, as you can see on the chart, at the end of the X-wave, the market still reached the set level.

The X-wave was followed by the second three, which, as indicated above, we have already qualified as an elongated zigzag.

Thus, all the studied downward corrective non-standard market movement (388.11-89.59), consisting of two phases or triples, must be qualified as a double zigzag.