elliot wave relationships...5 wave form
Elliot wave rule is that wave 3 cannot be shortest wave between waves 1, 3, and 5. If the current move down is to be in 5 wave form, wave 1 is from 1709 to 1697 (approx $12), then this move wave 3 from 1701 needs to go further than $12 or wave 5 would be limited. I need a break o f 1689 here so that wave 5 can arguably run. No break of 89 before another area of consolidation or correction, implies that wave 5 will be less than wave 3.
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