Wave 5 Projections
Base Calculation (0.618 × Wave 3 Length)
Wave 3 Length = 2785.69 - 2596.11 = 189.58
Target: 2730.41 (Wave 4 low) + (189.58 × 0.618) ≈ 2847.56
0.618 × Entire Impulse (Wave 1 to Wave 3)
Total Rise (Wave 1 Low to Wave 3 High): 2785.69 - 2584.56 = 201.13
Target: 2730.41 + (201.13 × 0.618) ≈ 2854.67
1.618 × Wave 1 Length
Wave 1 Length = 2636.96 - 2584.56 = 52.4
Target: 2730.41 + (52.4 × 1.618) ≈ 2815.17 (minimum target above Wave 3 high of 2785.69).
Equal to Wave 1-3 Length (Aggressive)
Target: 2730.41 + 201.13 ≈ 2931.54
Key Levels:
Minimum Target: Just above Wave 3 high (~2786+).
Primary Targets: 2847–2855 (most probable).
Extended Target: 2920–2931 (if momentum is strong).
5a, 5b, 5c Targets
These typically refer to a corrective ABC pattern after Wave 5 completes, not sub-waves of Wave 5 itself. To estimate:
5a: Initial drop (e.g., 23.6–38.2% retracement of the full Wave 1–5 rise).
5b: Partial recovery (50–61.8% of 5a).
5c: Final leg down, often equal to 1.618×5a or 100% of Wave 1–5 rise.
Example (if Wave 5 ends at 2855):
Total Rally: 2855 - 2584.56 ≈ 270.44
5a (38.2% retracement): 2855 - (270.44 × 0.382) ≈ 2752
5c Target: 2752 - 270.44 ≈ 2482 (aggressive).
Summary
Wave 5 Target: 2847–2855 (focus here).
5a, 5b, 5c: Dependent on Wave 5’s final high; use Fibonacci retracements post-completion.