Technical_Analysis_page_517

Technical | Analysis page 517 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

488 Part VI Other Technical Methods and Rules Sometimes, wave 4 falls short of the lower channel line, as shown in Figure 20.7. When this occurs, draw a new line from the end of wave 2 to the end of wave 4. This line will be steeper than the original lower channel line. Then draw another parallel…