This relative strength is really something! chart says it all

Advanced Level (Extended Wave 5)

Wave 5 has two different relationships:

1- If wave 3 is less than 161.8% of wave 1 -----> the 5th Wave overextends itself.

2- If Wave 3 is greater than 161.8% of wave 1 -----> Wave 5 = 100% , 161.8% or 262% of wave 1

As shown on this chart, wave 3 is less than 161.8% of wave 1

So

Extended Wave 5 =

either 61.8% x length (beginning of Wave 1 to top of Wave 3)
or
= 100% length of (beginning of Wave 1 to top of Wave 3)
or
= 161.8% x length of (beginning of Wave 1 to top of Wave 3)


Target = $ 39650

Komen:

Point and Figure (P&F) Target = $ 40000