Can u share the method u used to predict/ estimate the target of wave3?
whoelse
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@JacobF21, it's more of projection utilizing fibonacci levels and the ellipse provides for some additional boundary limit giving some time frame with fibo bars (day or week) . as the price progress the shape and levels may change but it provides for some estimation for trade management, until it fails ;( . the projection fibo levels are of Tony Plummer 2.618 and 4.618 taking into account Ian Copsey AHW count. while the bar counts (day/week)for approx. timing may consider W.D. Gann and if into additonal computes consider price time .