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:
![ddf9s9.png](/proxy.php?image=http%3A%2F%2Fi48.tinypic.com%2Fddf9s9.png&hash=64214cff40a0cedec0263c411225e0f3)
Graph 2:
![2d8q1qb.png](/proxy.php?image=http%3A%2F%2Fi50.tinypic.com%2F2d8q1qb.png&hash=2cb7e242f758e99f581d6b1cedc60e06)