"Last night, I upgraded to MTP v6.5. So far I have used it for only a couple of hours this morning. All I can say is WOW. I am impressed with the way you organized all the features and how easy it is to apply them to the charts. The software is extremely elegant in the way it allows you to organize your charts & analysis freeing up the trader to concentrate on finding and managing trades. Bravo, MTP 6 is something you should be very proud of."
Greg, Private Trader
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In most cases Wave (2) usually unfolds as a simple ABC correction. Or put another way, a simple ABC correction is found in a Wave (2) correction more often than in a Wave (4).
Again, this is a very useful piece of information, because once Wave (1) is complete, then the most likely pattern to unfold is a simple ABC correction.
And, because of the rule of alternation, this leads onto Wave (4) usually being the complex correction in a completed 5-wave sequence.