Is WAVE - 5 Ends ? As EW theory, 3 HARD (Basic) Rules are:
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
Here, Wave 2 Retrace 66.8% of Wave 1.
Rule 2: Wave 3 can never be the shortest of the three impulse waves.
Here length of W -1: 14.98%, W - 2: 27.26%, W - 3: 14.82%.
Rule 3: Wave 4 can never overlap Wave 1.
Here W - 1 Ends @ 1512.05 & W - 4 ends @ 1541.25
IF RESULT Above EXPECTATION:
Condition 1 to 6: As TARGET / EXIT Levels for LONG:
Projected WAVE - 5 Zone (@ 1825.10 to 1896.30)
Condition #1: @ 1828.10 FIB Ext. 2.272 of WAVE - 1
Condition #2: @ 1837.05 FIB Ext. 0.786 of WAVE - 3
Condition #3: @ 1856.10 FIB Ext. 2.414 of WAVE - 1
Condition #4: @ 1874.65 FIB Ext. 0.886 of WAVE - 3
Condition #5: @ 1896.30 FIB Ext. 2.618 of WAVE - 1
Condition #6: @ 1966.50 - Extreme Projection, as Normally Wave - 5 does not Exceeds Wave - 3.
(Reason for Condition #6:
Projected W - 5: @ considering length of W - 1 & W - 5 Equal)
Also at this point: FIB Ext. 1.13 of W - 3 & FIB Ext. 3.0 of W - 1)
IF RESULT Below EXPECTATION: WAVE - 5 Comes to an END
Reason: Length of W -1: 14.98%, Equal to W - 3: 14.82%.
Corrective Levels, TARGET for SHORT:
@ 1716, @ 1685, @ 1655, @ 1628, @ 1590, @ 1567-
If enriched your knowledge,
Please don't forget to Hit / Click Like button & also SHARE Link.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
Here, Wave 2 Retrace 66.8% of Wave 1.
Rule 2: Wave 3 can never be the shortest of the three impulse waves.
Here length of W -1: 14.98%, W - 2: 27.26%, W - 3: 14.82%.
Rule 3: Wave 4 can never overlap Wave 1.
Here W - 1 Ends @ 1512.05 & W - 4 ends @ 1541.25
IF RESULT Above EXPECTATION:
Condition 1 to 6: As TARGET / EXIT Levels for LONG:
Projected WAVE - 5 Zone (@ 1825.10 to 1896.30)
Condition #1: @ 1828.10 FIB Ext. 2.272 of WAVE - 1
Condition #2: @ 1837.05 FIB Ext. 0.786 of WAVE - 3
Condition #3: @ 1856.10 FIB Ext. 2.414 of WAVE - 1
Condition #4: @ 1874.65 FIB Ext. 0.886 of WAVE - 3
Condition #5: @ 1896.30 FIB Ext. 2.618 of WAVE - 1
Condition #6: @ 1966.50 - Extreme Projection, as Normally Wave - 5 does not Exceeds Wave - 3.
(Reason for Condition #6:
Projected W - 5: @ considering length of W - 1 & W - 5 Equal)
Also at this point: FIB Ext. 1.13 of W - 3 & FIB Ext. 3.0 of W - 1)
IF RESULT Below EXPECTATION: WAVE - 5 Comes to an END
Reason: Length of W -1: 14.98%, Equal to W - 3: 14.82%.
Corrective Levels, TARGET for SHORT:
@ 1716, @ 1685, @ 1655, @ 1628, @ 1590, @ 1567-
If enriched your knowledge,
Please don't forget to Hit / Click Like button & also SHARE Link.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.