Rules :
1.Wave 1,3 and 5 must be also impulsive structures.
Wave 2 must retrace less than 100% of wave 1 and it usually ends at 50-76.4 Fibonacci retracement area. It can’t be a triangle structure.
Wave 3 cannot be the shortest one and it’s usually the strongest. It should extend 1.618 Fibonacci extension of wave 1 and it could go up to 2.618 Fib extension or more.
Wave 4 is usually a shallow correction which should ideally end at 23.6 fib retracement area. It could go to 38.2 fib retracement as well but it must not break below/above 50 Fibonacci retracement from the start of wave 3.
There always must be RSI divergence between wave 5 and wave 3 and each impulsive subdivision (wave 1, wave 3 and wave 5) should have RSI divergence in its internals.
1.Wave 1,3 and 5 must be also impulsive structures.
Wave 2 must retrace less than 100% of wave 1 and it usually ends at 50-76.4 Fibonacci retracement area. It can’t be a triangle structure.
Wave 3 cannot be the shortest one and it’s usually the strongest. It should extend 1.618 Fibonacci extension of wave 1 and it could go up to 2.618 Fib extension or more.
Wave 4 is usually a shallow correction which should ideally end at 23.6 fib retracement area. It could go to 38.2 fib retracement as well but it must not break below/above 50 Fibonacci retracement from the start of wave 3.
There always must be RSI divergence between wave 5 and wave 3 and each impulsive subdivision (wave 1, wave 3 and wave 5) should have RSI divergence in its internals.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.