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Since micro wave (circle) 3 was less than 1.618 * wave 1 we should expect micro wave (circle) 5 to extend. A target of 302 is possible which is 1.618 * net(1~3) for wave ( iii             ). Note the alternation between waves 2 and 4: shallow/deep retracements
Thanks for buying the tops, man. Appreciate.
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Are you sure? I do not see that.......
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If this alternative count is correct, then wave 3 did extend 1.618 of 1-2. Would I be incorrect to expect a 61.8 retracement of the entire thing?
snapshot
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