It is retracing on it , as wave-4 or as alternative count wave-B
Cluster : (c) = (a) and 0,618
If "1-2-3-4" count , expecting wave-5.Buy between 3,53 to 3,52. SL under 3,5 . TP at least top of wave-3.
If "A-B" count , price may retrace more as it can be wave-C from here.
Refer to these: http://www.neowave.com/audiointerviews/20121219b/transcript.pdf / https://www.neowave.com/audiointerviews/20141013/transcript.pdf
"First of all, I picked the markets that I
have Euro currency, Gold and T-Notes and the S&P because they’re all vastly
different from each other and pretty much the largest market in the area that
"There’s no reason to follow silver because it’s a lot smaller than the gold
market, and it’s somewhat similar."
"I probably wouldn’t be able to have any Wave theory-based analysis on
crude oil because it’s not likely to follow Wave theory well. It’s a consumable
item that’s brought out of the ground, processed, consumed, and then it
For Wave theory to work, it’s important that you have something that has a
perpetual life and is more based on the opinions and feelings of people, not
based on supply and demand."