Waves Patterns
Classic 5 waves impulsive waves followed by beautiful wave A correction with 5 waves in it.
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We see classic 5 waves up in impulsive pattern on /ES from January 30 2023 1 minute chart. Shortly after wave 5 ends, we have small, tiny w1 and w2 creation in 3 minutes time.
After that orange number from 0-5 follow which represent 5 waves inside wave 3 (blue). This concept is hard to grasp for the beginners, but when You do, wave count and understanding becomes lot easier. Understanding the wave count from the top (0 blue point), all the way to the wave 3 (blue) is very very important. Get this concept and you will make big step forward with counting Elliott waves.