If we accept that the Primary 5th wave was truncated by a black swan event, then we have a possibly correction that ended at Y. Shows potential to bottom out near $8.00.
5 to A
28.16
B to C
18.35
Nov 2016 Wave C has a length of at least 61.8% of wave A ( Oct 15.26% '11), gives 8.17 target. Actual 7.40
w1-3 = $53.96
w5 = $32.89
W5 often equals 62% of w1-3, which gives $33.45 projected move. Actual move = $33
If wave 3 indeed shows a nearly vertical rise or decline, then draw a trend line connecting wave 2 and 4 and draw a parallel line from wave 1.
This parallel line will cut through wave 3 and will target wave 5
Further supporting evidence - Truncated 5ths are usually associated with black swan events.
W to X is a bit weird?
5 to A
28.16
B to C
18.35
Nov 2016 Wave C has a length of at least 61.8% of wave A ( Oct 15.26% '11), gives 8.17 target. Actual 7.40
w1-3 = $53.96
w5 = $32.89
W5 often equals 62% of w1-3, which gives $33.45 projected move. Actual move = $33
If wave 3 indeed shows a nearly vertical rise or decline, then draw a trend line connecting wave 2 and 4 and draw a parallel line from wave 1.
This parallel line will cut through wave 3 and will target wave 5
Further supporting evidence - Truncated 5ths are usually associated with black swan events.
W to X is a bit weird?
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.