The Elliot Wave Theory teaches that market trends move in five waves. The price swings 1, 2, 3, 4, 5 make up Elliot's five-wave pattern. The Elliott Wave Theory then teaches that a market correction will move in three waves labeled "A, B, C" in the opposite direction. A pitchfork is included w/ reaction lines.
Comment:
Prior Reaction Line crossing to the upside.