RAD has broken resistance around 13,50-14,00$ illustrated in my earlier post and engaged Elliot wave 5. According to Elliot wave theory, wave 5 will reach near one of the three prices shown on the chart before the 27th of april.
Good luck to you all and happy grindin'
Comment
⋅
The Most Typical Fibonacci Ratios/Multiples within Impulses: (from Chapter 4: Ratio Analysis):
- If wave 1 is extended, expect the net of wave 2-5 to be .618 x wave 1 - Wave 2 = 618 or .5 x wave 1 - If wave 3 is extended, waves 1 and 5 tend toward equality. A .618 relationship is next most likely. - Wave 3 = 1.618 or 2.618 x wave 1 - Wave 4 = .382 x wave 3 - Wave 4 (net) typically relates to its corresponding wave 2 (net) by a Fibonacci ratio. - Wave 5 = wave 1, or .618, or .382 x the net of waves 1 thru 3. - If neither wave 1 or 3 is extended, expect wave 5 to be 1.618 x the net of 1-3. - The time to complete waves 1 thru 3 = the time to complete the end of 3 to the end of 5.