Ibm

[durgesh147]

Get out of this stock .

[durgesh147]

TS2 Sell setup found on IBM . Target revised to 70 .

[alan4]

I'm new to this forum and the elliott wave theory.
May I ask why you think waves 1,2,3 & 4 are labelled correctly?:confused:

[durgesh147]

I'm new to this forum and the elliott wave theory.
May I ask why you think waves 1,2,3 & 4 are labelled correctly?:confused:

As a trader , i just concentrate on ABC setups rather than going in detail of whether the lablelling is correct or not.
Now coming to ur confusion, i guess u r pointing out to wave 4 overlapping with wave 1. In waves 1,A,5 and C , sometimes overlapping is found which is known as diagonal triangles.The internal struture of wave 5 and C diagonals is 3,3,3,3,3 and and in Waves 1 and A ,its 5,3,5,3,5 .
Dont be an academician elliottician , be a trader elliottician.My soul aim is to make money with elliott wave rather than debating over the counting.:p