Elliot impulse @ 460$

5 Dis 2015

BTCUSD

iMPULSE LEG:

Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains;
Can never exceed the start of wave 1);

wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave);

wave 4 = 38.2% of wave 3 (can never overlap wave 1 [i.e., cross into the same price area]);

wave 5 = wave 1


CORRECTiON:

Wave A = usually around the 50%/61.8% of wave 5

Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A

Wave C = Wave A (AB=CD)
161% ext Wave A
262% ext Wave A

Safe trades;