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Question Of The Week - Library Of Past Questions |
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| 7/22/2009 |
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| Question: |
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Are there times when an X-wave can take more time than the A-B-C preceding it?
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| Answer:
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Yes, and you mention a specific example in your original question, which was edited out, but which I am quoting now. On your long-term stock market wave count you have a "...115 year running correction where a large X wave takes much more time than the pattern before it."
X-waves are allowed to (and should) take more time than the preceding A-B-C correction IF the X-wave is larger in price. This creates what I call, in Mastering Elliott Wave, a "Double-Three Running" correction (see Chapter 12). If wave-X is smaller in price than the previous A-B-C, then wave-X must take less time than the prior A-B-C.
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