We have minor Elliot waves , major Eliot waves and mother Elliot waves.
Minor waves
The yellow lines represent the Elliot Bull run waves. 1-5. The white lines represent retracement. lines 1-3. For every Elliot bull wave a Retracement wave happens... then we start another 5 Elliot waves followed by another retracement wave. Finally we have a bull run Elliot wave.
Major waves - 0-108k
We have Elliot Wave 1.........set of first yellow lines. Then Elliot wave 2...set of white lines. Then Elliot wave 3...set of yellow lines. Then currently we are on Elliot wave 4....the first white line...this leg will drop to 74k and rise as shown. AFTER WE ARE DONE WITH THIS WAVE.......5TH ELLIOT WAVE.....A MAJOR BULL WAVE WILL HAPPEN..... TO COMPLETE THE 5 MAJOR ELLIOT WAVES
MOTHER ELLIOT waves..5 IN TOTAL
This major waves will then have completed one MOTHER Elliot wave.........the second will be a major retracement wave from THE THEN ATH. THE GOOD NEWS IS ....ONCE WE HIT 74K WE SHALL NOT COME revisit it!
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