well Steve, the charts have spoken nicely today, so far it is a plus 14R day for me! second highest daily return to date.
Alec, Private Trader
If Wave 2 retraces past the start of Wave 1, then it cannot be considered a Wave 2 and the current wave structure must be reconsidered.
This cannot be considered a valid wave count, because Wave (2) has traded below the start of Wave (1), so this wave count must be re-considered.