The power of reciprocals
short to 0.80 then long again
wave II retraced 0.618 of wave 1 --> reciprocal of 0.618 is 1.618 (around which we saw the completion of wave III)
wave IV retraced 0.382 of wave 3 --> reciprocal of 0.382 is 2.618 (around which we saw the completion of wave V)
wave V has an obvious 5-wave sequence which comply with Elliot wave rules - the wave 2 of wave 5 is a flat correction, and wave 4 of wave 5 is a deep correction, (wave 3 isn't the shortest and the terminal of wave 4 doesn't exceed the high of wave 1.
wave II retraced 0.618 of wave 1 --> reciprocal of 0.618 is 1.618 (around which we saw the completion of wave III)
wave IV retraced 0.382 of wave 3 --> reciprocal of 0.382 is 2.618 (around which we saw the completion of wave V)
wave V has an obvious 5-wave sequence which comply with Elliot wave rules - the wave 2 of wave 5 is a flat correction, and wave 4 of wave 5 is a deep correction, (wave 3 isn't the shortest and the terminal of wave 4 doesn't exceed the high of wave 1.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.