Dislikedi still dont understand why "59" (AB59). what does "59" stand for specifically?
by the way, thanks for sharing the EW notes, vincyIgnored
9= 48 goods weeks / 5 = 9.5
also 5.9...
5 days becoz maximum prof trader avoid to trade on Friday ..
here is more
[IMG]file:///C:/DOCUME%7E1/home/LOCALS%7E1/Temp/moz-screenshot.png[/IMG][IMG]file:///C:/DOCUME%7E1/home/LOCALS%7E1/Temp/moz-screenshot-1.png[/IMG][IMG]file:///C:/DOCUME%7E1/home/LOCALS%7E1/Temp/moz-screenshot-2.png[/IMG]
Wave 2
=====
- Wave 2 must retrace Wave 1 by a minimum of 20%
- Wave 2 is usually >50% and <162% in time of Wave 1
Wave 3
=====
- There is no minimum time constraint for Wave 3,
its absolute maximum time limit is 7 times Wave 1
Wave 4
=====
- Expect the time taken by Wave 4 to be between 100% - 270% of the time taken by Wave 2.
Wave 5
=====
- The minimum time for Wave 5 is 10% of Wave 4
- Wave 5 must move by price more than 70% of Wave 4
- The maximum movement of Wave 5 is six times Wave 3 in both price and time.
- Wave 5 has no minimum time constraint
- The maximum time for Wave 5 is 5 times Wave 3
ZigZag
=====
- Wave C must be less than 5 times Wave B by price
- Wave C must be no more than 10 times either Wave A or B in price or time
- The time taken by Wave B is usually between 61.8% and 161.8% of the time taken by Wave A.
Flat Rules
=======
- Wave C must be no more than 10 times either Waves A or B in price and time.
- Wave C must be no more than 10 times either Waves A or B in price and time. There is no minimum time constrains for Wave A.
- The time taken by Wave C is generally between 61.8% of Wave 1 to 161.8% of the shortest of Waves A and B
Diagonal rules
==========
- The time taken by Wave C is generally between 61.8% of Wave 1 to 161.8% of the shortest of Waves A and B
- The minimum time for Wave 5 is 10% of Wave 4. The maximum time for Wave 5 is 5 times Wave 3.
Expect the time taken by Wave 4 to be between 20% and 5 times Wave 2.
Triangle rules
==========
- In a CT, the maximum time for Wave E is 4 times Wave C
- The maximum time for Wave D is 4 times Wave C.
Double and Triple ZigZag
=================
- Wave Y must be no more than a factor of 5 times either
Wave X or W in price or time
- Wave Z must be no more than a 5 times either Waves XX, Y, X or W in both price and time.
- The time taken by Wave X is usually between 61.8% and 161.8% of Wave 1.
- Wave Y is next most likely to be equal to 61.8% or 161.8% of W by price.
- Expect the time taken by Wave Y to be between 61.8% of Wave W and 161.8% of shortest of Wave W and X.
Double and Triple Sideways
===================
- Although there is no minimum time for Wave X, the maximum time is 10 times the time taken by Wave W
- Wave Y must be no more than 5 times either Wave X or W in price and time
- Wave Z must be no more than 5 times either Waves XX, Y, X or W in price and time
from daily fx
DRAGON-TECHNICAL ANALYSIS!