Trading_Jazz
Long

(D) 5 Waves Impulse Default Ratios // IF=THEN ®

FX_IDC:AUDUSD   AUSTRALIAN DOLLAR / US DOLLAR
FX_IDC:AUDUSD            

iMPULSE LEG:

Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains;
Can never exceed the start of wave 1);
wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave);
wave 4 = 38.2% to 50% of wave 3 (can never overlap wave 1 );
wave 5 = wave 1


CORRECTiON:

Wave A = usually around the 50%/61.8% of wave 5
Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A
Wave C = Wave A ( AB=CD )
161% ext Wave A
262% ext Wave A

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IvanLabrie PRO
a year ago
(it could overlap if it's a terminal impulse completing a corrective structure)
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Trading_Jazz IvanLabrie
a year ago
so much to learn :D - Thanks, now, i will need to review all this issues!! lol
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IvanLabrie PRO Trading_Jazz
a year ago
Elliott is really tricky, terminal patterns can be quite profitable if you spot them though...probably the best EW related thing to trade.
Check out Glenn Neely's neowave for more insights on this. I'm just a beginner with it, so I don't use it for trading.
Cheers!
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