Self Explanatory.
Target flexible (Calculated Wave 1 = Wave 5). Prioritize channel resistance.
Target flexible (Calculated Wave 1 = Wave 5). Prioritize channel resistance.
Note
Sorry - Wave 5 was not calculated as equal to wave 1. It was calculated as 1.618 of Wave 1 to end of Wave 3. It thus becomes the greatest wave in gross price but does not exceed Wave 3 in % gain, though similar % gain.Either way: target remains the same and i would still prioritize the channel resistance as a target ahead of anything else.
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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.