Disagree. Wave 2 can never retrace almost 90% of Wave 1 that started early this year from 6000. You will need to re-label the chart unfortunately.
Disagree. Wave 2 can never retrace almost 90% of Wave 1 that started early this year from 6000. You will need to re-label the chart unfortunately.
According to my understanding, it can be, as long as it’s not lower than the low occurred in the point c.
It may be allowed in new deviations of original Elliot Wave theory like NEOWAVE. And I agree with you that it must not go below 5911 in order for this wave to be valid.
One thing is certain, looking at the media's rendering of cryptos right now, it's definitely closer to the bottom than to the top even if we remain in a range.