3 Rules which are always followed in impulsive waves-
a. W2 cannot retrace more than 100% of W1
b. W3 has to be the biggest wave.
c. W4 can not go beyond W3 at anytime.
You can calculate the waves using fib ratios.
Currently I expect W3 to close around 90k.
WHITE LINE- W3 TARGET.
RED LINE- EXPECTED WAVE 4 TARGETS. (14.6%, 23.6% OR 38.2 % OF W3)
GREEN LINE- W5 TARGETS. (161.8% OF W1 + W3)
a. W2 cannot retrace more than 100% of W1
b. W3 has to be the biggest wave.
c. W4 can not go beyond W3 at anytime.
You can calculate the waves using fib ratios.
Currently I expect W3 to close around 90k.
WHITE LINE- W3 TARGET.
RED LINE- EXPECTED WAVE 4 TARGETS. (14.6%, 23.6% OR 38.2 % OF W3)
GREEN LINE- W5 TARGETS. (161.8% OF W1 + W3)