Why you should know about this weird but useful rule in technical analysis. Is there a way to anticipate the depth and magnitude of the next correction with a reasonable degree of probability? There appears to be a way. According to the "Rule of Alternation" in Elliott Wave Theory, we can use the structure of wave 2 in a trend to provide us a clue as to the probable nature and structure of Wave 4. For example, if wave 2 is sharp or deep, then wave 4 is more likely to be sideways (flat or triangular) - and vice versa. In this video we explore this idea in a bit more detail. TA Video by Alessio Rastani.
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