The extension in the fifth wave.

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Are you looking for a simple explanation? It will not happen. Because it’s impossible. During the formation of the triangle 4 I have identified waves A, B, C, D , E and made a wrong supposition about the start of wave 5. Of course, I cannot predict events in tiny details. This has led to errors in the description of tapering triangle 4. Today I have made the amendments to the description of waves B and C. It helped me to see an interesting pattern. All waves of triangle 4 have this property. To begin with, let us turn to wave A of the triangle 4. Wave ii (in a circle) has the time of formation more than wave iv (in a circle). In the wave B you can see the same thing. Wave C has the opposite property. Wave iv (in a circle) has the time of formation more than wave ii (in a circle). In the wave D you can see the same thing. We see the change of the size of the triangles inside waves. From the chart below it follows that the market is in the process of completing the wave D. Pay attention to the wave 1 and wave 3.They have nearly the same dimensions.Wave 4 has the time of formation more than wave 2. All parts of a wave 4 have a size greater than parts wave 2. Here, I brought you to a very simple but obvious thought. In this case, we have a high probability of extension of wave 5. If you draw a line of resistance to the trend, you will see at the crossing the chart and support line for a possible place of completion of wave 5.In place of touch support line, we have a high probability of a rebound. Although I do not use this method as the basic, I know many people who treat this circumstance as important. This version of events is the most likely. And I admit the thought that today we can see the completed version of the wave 4. In this case, in wave 5 the market will fall almost to the level of Fibonacci in 2007 points. I estimate the probability of this event as extremely low. In any case, we will see the extension of wave 5. I wish you good luck!
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