Elliott Wave  


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Academy of Technical Analysis: Intermediate Student
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October 17, 2019 8:36 am  

Can you explain Orthodox high and lows?

This topic was modified 3 months ago by pandie.ad@gmail.com

Stephen, COO/Director of Analysis
Registered Investment Advisor Representative Admin
Academy of Technical Analysis: Level 9
Joined: 1 year ago
Posts: 61
October 21, 2019 4:48 pm  

the orthodox high/low means where the wave ends, not necessarily a price extreme. think of an expanded flat. Wave 3 terminates at some point (the orthodox high), but wave 4 actually moves above that high creating a new price extreme on wave B of 4. Does that help answer? 


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