http://i1168.photobucket.com/albums/...1h08-02-13.png
The top red TL is from the daily. This was (as has been said a thousand times a 5th wave. (either the 5th of the 3rd, or poss 5th overall), break it down into 5 waves.
Wave 3 was 100% of wave 1,
Wave 4 retraces 50% of wave 3
Wave 5 retests top TL at approx its 38.2% ext.
I also said we had breached an important TL yesterday (green line), look how we backtested it overnight.
Now short;
Wave 3 was 161.8% of wave 1
Wave 4 retraces 38.2% of wave 3
Wave 5 has reached the 61.8% ext.
Caution req'd in case it extends.
Now tell me what happens when we have completed a 5w cycle?
The top red TL is from the daily. This was (as has been said a thousand times a 5th wave. (either the 5th of the 3rd, or poss 5th overall), break it down into 5 waves.
Wave 3 was 100% of wave 1,
Wave 4 retraces 50% of wave 3
Wave 5 retests top TL at approx its 38.2% ext.
I also said we had breached an important TL yesterday (green line), look how we backtested it overnight.
Now short;
Wave 3 was 161.8% of wave 1
Wave 4 retraces 38.2% of wave 3
Wave 5 has reached the 61.8% ext.
Caution req'd in case it extends.
Now tell me what happens when we have completed a 5w cycle?
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