Unfortunatally, EW studied on 2000 to 2021 for Elliottician!

22 lut 2021The price is progressing into Wave 3 upside.
If you are a newbie for technical analysis, this research is not a post for you. especially for those who want to trade, I will create a complete report with trading level by using a lower Timeframe shortly.

Weekly/2000-8 - EW cycle completed.

W4 divides the entire price range about 50%

Let's focus 3 waves:

2000-8 - 3 wave(4W = .5 of W3) & W5 higher degree.

• W2 = 0.786 of 1W
  
• W4 = 0.5 of 3W
  
• W5 = Extended 2.618 (1)-->(3) & higher degree
  
• ABC correct is NOT overlapped W3
  

Weekly-2009/13 - EW cycle completed.

2009-13 - (all waves are about equally)

* W2 = 0.382 of 1W
* W4 = 0.382 of 3W


We are not going to work on this 3rd wave of 2009-13 data


Weekly-2009/13 - EW cycle completed.


Fib. divider for W4 at.618 Golden section and 3rd wave are extended.

Let's focus on Wave 3:

* W i = ladder style 5 waves
* W iii = extended
* W v = .618 of i --> iii

* W ii = 0.382 of i W
* W iv = 0.226 of iii W