The only possible internal relationship between wave (i) and wave (iii) , when when wave (v) extends is w(iii) = 1.618 w (i) , which is the case here . If internal relationship is there then
w(v) = 1.618 w(0) - w(iii) measured from the end of w(iv) , ie internal count and this is the case here .
Next question is where this impulse is the end of a larger w(3) or end of a larger w(5) .I am assuming this is the end of a larger w(3) since w(v) overshoots trendline drawn from the end of w(i) and wave (iii) , that means the extended w(v) is the steepest .
Depth of corrective waves - When an extended 5th corrects it gives 99% retracement and ends at previous w(iv) of one lesser degree . Normally w-x-y (double correction is common) and w-x-y-x-z (triple correction is rare) . Had a wave 5 of a higher degree was been corrected the correction would have taken lesser time that it took to form w(v) . In this case time taken is more , hence the assumption that it correcting a higher degree w(3) . It means the correction is over .
w(v) = 1.618 w(0) - w(iii) measured from the end of w(iv) , ie internal count and this is the case here .
Next question is where this impulse is the end of a larger w(3) or end of a larger w(5) .I am assuming this is the end of a larger w(3) since w(v) overshoots trendline drawn from the end of w(i) and wave (iii) , that means the extended w(v) is the steepest .
Depth of corrective waves - When an extended 5th corrects it gives 99% retracement and ends at previous w(iv) of one lesser degree . Normally w-x-y (double correction is common) and w-x-y-x-z (triple correction is rare) . Had a wave 5 of a higher degree was been corrected the correction would have taken lesser time that it took to form w(v) . In this case time taken is more , hence the assumption that it correcting a higher degree w(3) . It means the correction is over .
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.