IMHO,
Wave 3 is less than 1.618 of Wave 1,
as a result:
Wave 5 = 0.618 x length (beginning of Wave 1 to top of Wave 3)
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Update- S&P500
Chart Details:
-Wave 2 (5-3-5), ABC,
-Wave C (Wave 2) = 61.8%, 100%, or 123.6% of wave A
-Wave C (either impulse or diagonal)
-Volume should be lower during wave 2 (than during wave 1),
-Target (wave 5) =5224,
Chart Details:
-Wave 2 (5-3-5), ABC,
-Wave C (Wave 2) = 61.8%, 100%, or 123.6% of wave A
-Wave C (either impulse or diagonal)
-Volume should be lower during wave 2 (than during wave 1),
-Target (wave 5) =5224,
Comment:
