Houston, we have a problem!
Wrong counting at the bottom of flat (ABC). Wave 2 must retrace less than 100% of wave 1 and it usually ends at 61.8—76.4 Fib retracement. It can’t be a triangle structure. Wave 3 should extend 1.618—2.618 Fib ext of wave 1. Wave 4 should end at 23.6—38.2 Fib retracement and not break 50 Fib retracement.
ChartArt
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Good chart idea. I came up with around February 2017 for the top of the S&P 500:
Wrong counting at the bottom of flat (ABC). Wave 2 must retrace less than 100% of wave 1 and it usually ends at 61.8—76.4 Fib retracement. It can’t be a triangle structure. Wave 3 should extend 1.618—2.618 Fib ext of wave 1. Wave 4 should end at 23.6—38.2 Fib retracement and not break 50 Fib retracement.