Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A
• Wave C = 61.8%, 100%, or 123.6% of wave A
• If wave C = 161.8% of wave A, wave C can be a wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not
C=61.8% =1.2398
C=100 % =1.2322
C=138.2 % =1.2246
C=168.2 % = 1.2198
• Wave C = 61.8%, 100%, or 123.6% of wave A
• If wave C = 161.8% of wave A, wave C can be a wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not
C=61.8% =1.2398
C=100 % =1.2322
C=138.2 % =1.2246
C=168.2 % = 1.2198
Trade closed: target reached
C=61.8% =1.2398 C=100 % =1.2322
Note
we are going to target C=138.2 % =1.2246
Trade closed: target reached
C=138.2 % =1.2246
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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.
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.