• Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1
• Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2
• Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%
• Wave 5
(a) ext from 0-3-4 61.8%
(b) ext from 0-1-4 61.8%, 100%, or 123.6% of wave 1
(c) is 123.6 – 161.8% inverse retracement of 3 to 2
Wave 1 of 3 .382/.618 ext
3 of 3 1.0/123.6 ext
4 of 3 1.0-76.4 ext
5 of 3 138.2/161.8 ext
Wave 4 of 5 1.0 ext
Wave 5 of 5 176.4/2.0 ext
• Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2
• Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%
• Wave 5
(a) ext from 0-3-4 61.8%
(b) ext from 0-1-4 61.8%, 100%, or 123.6% of wave 1
(c) is 123.6 – 161.8% inverse retracement of 3 to 2
Wave 1 of 3 .382/.618 ext
3 of 3 1.0/123.6 ext
4 of 3 1.0-76.4 ext
5 of 3 138.2/161.8 ext
Wave 4 of 5 1.0 ext
Wave 5 of 5 176.4/2.0 ext
Note
plan failed
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.