That’s the most important level of the valid Elliott wave count. If that level is broken then it means that count is not valid and that some other valid count is playing out. In ideal scenarios these levels are also stop-losses of potential trades based on the Elliott wave theory.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.