Weekly we are up to corrective wave 4 future formin formation BAT minor - wave 5 could be equal to wave 1, or wave 5 is 61.8% of wave 1-3
weekly we just finished 3rd wave and we are up to 4th corrective wave that gives us a lil bit of ride down before we can get into the major trend (weekly wave5) h4 we just finished 4th wave and are up to 5th wave - target inverse 123.6 – 161.8% retracement of wave 4. forming harmonic patterns shows us where to get into this corrective wave
according to elliott theory wave 2 must retrace at least 50 and wave 3 at least 161.8 perfect spot to get into the trade coming soon
middle of wave 3, harmonic patterns clarify entry into this wave looks like the end of this wave we have 7.5 which is bottom and I believe sometimes, wave 5 does not move beyond the end of wave 3. This is called truncation.
we are on the middle of wave 3 - short definitively 2 harmonic pattern forming their point D in confluence - getting into the trade
wave number 3 ends at least 4.08 wich is 161.8 of retracement of wave 1 getting into the trade 2 harmonic patterns forming, their point D in confluence + at this point we have 61.8 retracement from the biggining of this impulse
april 2015 bottom - the end of the cycle in confluence with divergence. (the beggining of the new cycle) we passed by 88.8 retrecment of the wave 1st and are half way of 3rd wave wich ends approx 161.8 retrecment of wave 1 and is close in confluence with 2 harmonic patternS and 100 fibo from Highest high in 2014 (ressistance) on the daily we have Bat pattern...
TP at least 38.2 1.54
DOUBLE POINT D LONG AT LEAST 38.2 85.300
DOUBLE POINT D PATTERN SHORT 38.2 15110
Short 38.2 91100
Above D point of the butterfly we have 61.8 from HH in 2014 which has not been touched that means that culd be BAT forming for the future. If breaks out AC support line of the butterfly we have definitively ride to minimum 38.2 which will confirm for us possibly fiture BAT pattern . If does not break AC line culd make new HH cross 61.8 and then turn back -...
Above D point of the butterfly we have 61.8 from HH in 2014 which has not been touched that means that culd be BAT forming for the future. If breaks out AC support line of the butterfly we have definitively ride to minimum 38.2 which will confirm for us possibly fiture BAT pattern. If does not break AC line culd make new HH cross 61.8 and then turn back -...