i could be wrong, but since wave 3 is an impulse, is it supposed to have 5 parts (1,2,3,4,5), and not 3 (a,b,c)?
Quoting JimboFXDislikedfixme1too,
please consider I'm still a newbie to EW and would appreciate some comments. That count is based primary on fib levels and I think we are very close to completing wave 5 ( if not already complete ) as it has extended to 61.8% of wave 3. Another confluence to that level is that wave c has extended to 161.8% of wave a.
Have a look at the chart bellow and let me know what do you think. Thx
1.8516 + (0.618 x (1.9141 - 1.7048)) = 1.9809 [61.8% extention of wave 3]
1.8836 + (1.618 x (1.9134 - 1.8516)) = 1.9836 [1.618% extention of wave a]Ignored