Very new to share trading and I have just done some light reading on Elliot Waves. In this chart for BKY, I think I have interpenetrated it right however I'm not quite sure on that sideways stagnation in part B. Does that mean its not really B and B should actually start where I have C? Because the way I see it this stock is about to enter phase 2 and then a bull run back into 3.
Could one of the more experienced users please enlighten me? Cheers