My first practicing in Elliott theory
This is my first attempt to follow Elliott wave pattern.
After wave A B C correction, seems we are now at the beginning of new wave 3, which should be the longest one with 1.6 fibo retracement of wave 1. Previous waves 1 to 5: W2 did not retrace more than W1, W3 was the longest, W4 didn't go beyond W3. New waves 1 to 5: W2 didn't retrace more than low of W1 so far. Should I follow 1.6 fibo retracement of W1 high, the goal is around 73. Comments are more than welcome and appreciated, if i am named an idiot of the day, it will be appreciated as well! :_)
After wave A B C correction, seems we are now at the beginning of new wave 3, which should be the longest one with 1.6 fibo retracement of wave 1. Previous waves 1 to 5: W2 did not retrace more than W1, W3 was the longest, W4 didn't go beyond W3. New waves 1 to 5: W2 didn't retrace more than low of W1 so far. Should I follow 1.6 fibo retracement of W1 high, the goal is around 73. Comments are more than welcome and appreciated, if i am named an idiot of the day, it will be appreciated as well! :_)
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