Elliot Wave: Correction Wave A to Wave B
Correction Wave A to Wave B
In a zigzag, the retracement of wave A by wave B
will depend on the structure of wave B. For example,
in Figure A.21, if wave B is a zigzag, it should retrace
0.5 to .786 of wave A. If wave B is a triangle, it should
retrace .382 to 0.50 of wave A. If wave B is a flat, it should
retrace at least .887 of wave A.
38.2% of WA
Entry Price: 1.62262
Stop Loss: 1.61732 (53 pips)
TP1: 1.64658 (240 pips) 38.2%
TP2: 1.65398 (314 pips) 50.0%
50% of WA
Entry Price: 1.60283
Stop Loss: 1.59634 (65 pips)
TP1: 1.63435 (315 pips) 38.2%
TP2: 1.64409 (413 pips) 50.0%
In a zigzag, the retracement of wave A by wave B
will depend on the structure of wave B. For example,
in Figure A.21, if wave B is a zigzag, it should retrace
0.5 to .786 of wave A. If wave B is a triangle, it should
retrace .382 to 0.50 of wave A. If wave B is a flat, it should
retrace at least .887 of wave A.
38.2% of WA
Entry Price: 1.62262
Stop Loss: 1.61732 (53 pips)
TP1: 1.64658 (240 pips) 38.2%
TP2: 1.65398 (314 pips) 50.0%
50% of WA
Entry Price: 1.60283
Stop Loss: 1.59634 (65 pips)
TP1: 1.63435 (315 pips) 38.2%
TP2: 1.64409 (413 pips) 50.0%