Wave 3 is coming. I'm learning to use the elliot waves but yea 3rd wave.
* Wave 2: Common retracement levels
* 61.8%-78.6% of wave 1 (golden zone, most common)
* May also be 23.6%, 38.2%, or 50%
* Wave 3: Common extension levels
* 161.8% extension of wave 1 (most common)
* May also be 127.2%, 200%, 261.8%, 361.8%
* Wave 4: Common retracement levels
* 38.2%-50% of wave 3
* May also be 14.6%, 23.6% (sometimes 61.8%, but it must not retrace below the wave 1 top)
* Wave 5: Common extension levels
* 50%-61.8% extension of waves 1-3
* 161% of wave 4
* Equal length of wave 1
(COPY AND PASTED TO CLEAR UP THINGS)
* Wave 2: Common retracement levels
* 61.8%-78.6% of wave 1 (golden zone, most common)
* May also be 23.6%, 38.2%, or 50%
* Wave 3: Common extension levels
* 161.8% extension of wave 1 (most common)
* May also be 127.2%, 200%, 261.8%, 361.8%
* Wave 4: Common retracement levels
* 38.2%-50% of wave 3
* May also be 14.6%, 23.6% (sometimes 61.8%, but it must not retrace below the wave 1 top)
* Wave 5: Common extension levels
* 50%-61.8% extension of waves 1-3
* 161% of wave 4
* Equal length of wave 1
(COPY AND PASTED TO CLEAR UP THINGS)
Kommentar:
Incase if you wanted it with the fib