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'
Good luck to you all and happy grindin'
- 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.