Easy Money
Greetings Earthlings,
30%+ in next 17 days. Elliot Wave Impulse #5 coming up.
How to project time frames using Elliott Wave Theory connecting trend lines:
Finding Wave 3: Draw a trend line from beginning of Wave 1 to end of Wave 2. Project this line off the ending of Wave 1. Wave 3 will end at the intersection of this line. Project the following lengthens from the end of Wave 2 to find Wave 3: (a) Length of Wave 1, (b) Length of Wave 1 x 1.618 or (c) Length of Wave 1 x 2.618.
Which ever line intersects the projected trend line, that is the distance Wave 3 "should" travel and "should" correlate with the time at the bottom of the chart.
Finding Wave 5: Draw a trend line from beginning of Wave 2 to end of Wave 4. Project this line off the ending of Wave 3. Wave 5 will end at the intersection of this line. Project the following lengthens from the end of Wave 4 to find Wave 5: (a) Length of Wave 1, (b) Length of Wave 1 x 1.618 or (c) Length of Wave 1 x 2.618 or the length of the beginning go Wave 1 to the beginning of End of Wave 3 x 0.618
Which ever line intersects the projected trend line, that is the distance Wave 3 "should" travel and "should" correlate with the time at the bottom of the chart.
See you 30% richer in May!
Happy Trading!
#FlintstonesGazoo #TheGreatGazoo
Gazoo: "But wait, surely there must be others more qualified than I".
Andre Benjamin: “Even the sun goes down, heroes eventually die/Horoscopes often lie, and sometimes ‘y’/Nothin’ is for sho', nothin’ is for certain, nothin’ lasts forever, but until they pull the curtain”...
It will be you and I...!!!
30%+ in next 17 days. Elliot Wave Impulse #5 coming up.
How to project time frames using Elliott Wave Theory connecting trend lines:
Finding Wave 3: Draw a trend line from beginning of Wave 1 to end of Wave 2. Project this line off the ending of Wave 1. Wave 3 will end at the intersection of this line. Project the following lengthens from the end of Wave 2 to find Wave 3: (a) Length of Wave 1, (b) Length of Wave 1 x 1.618 or (c) Length of Wave 1 x 2.618.
Which ever line intersects the projected trend line, that is the distance Wave 3 "should" travel and "should" correlate with the time at the bottom of the chart.
Finding Wave 5: Draw a trend line from beginning of Wave 2 to end of Wave 4. Project this line off the ending of Wave 3. Wave 5 will end at the intersection of this line. Project the following lengthens from the end of Wave 4 to find Wave 5: (a) Length of Wave 1, (b) Length of Wave 1 x 1.618 or (c) Length of Wave 1 x 2.618 or the length of the beginning go Wave 1 to the beginning of End of Wave 3 x 0.618
Which ever line intersects the projected trend line, that is the distance Wave 3 "should" travel and "should" correlate with the time at the bottom of the chart.
See you 30% richer in May!
Happy Trading!
#FlintstonesGazoo #TheGreatGazoo
Gazoo: "But wait, surely there must be others more qualified than I".
Andre Benjamin: “Even the sun goes down, heroes eventually die/Horoscopes often lie, and sometimes ‘y’/Nothin’ is for sho', nothin’ is for certain, nothin’ lasts forever, but until they pull the curtain”...
It will be you and I...!!!
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.