This one is one of the Example illustrated by R N Elliott , currently we are in Expanding Ending Diagonal , where everyone will think its Moving a part , in reality its ending the move , which is Wave B of Higher time frame we are currently at the start of Wave C
when i see many try to explain the Theory , but they lack the direction , in fact they tend to buy or sell in counter trend ,
The purpose of R N Elliott was to understand the direction , then be in the trade which is having high probability of making Good Earnings
Hope you Guys have learn some thing today
Good Luck