The theory says that this correction will be bigger and last longer than the two minor corrections that were seen on the way up.

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It will be of interest to readers that Wave C was exactly equal to Wave A. Once again, this fits in with the Elliott Wave theory that says alternate waves in a correction tend to be related by a Fibonacci ratio, and 100% is a key number.

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According to Elliott Wave Theory, when a five wave sequence ends, we should anticipate a correction.

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Some refer to it as a theory, or an iffy thing, because the market does not experience a correction in its unfavorable season every year.

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Elliott Wave theory says that when a five wave movement is completed, we should look out for a correction.

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Elliott Wave Theory says that when a five wave movement in a trend is completed, we should look for a correction.

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