Trading_Jazz
Long

(Daily) The Bullish Bat & The Third Elliott Wave // IF=THEN ®

FX:EURCAD   Euro / Canadian Dollar
FX:EURCAD            

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

BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD

Safe Trades;
Comment: undefined ;)
Comment: Bullish Divergence?
snapshot
Comment: at target...

annnnd im in
Reply
its in correction phase, it will correct until 1.50 and then bounce back...good luck
Reply
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