Wednesday, August 29, 2012

ABC for wave 4

The wave counting for 4th wave (of 3rd major wave)

Its been a very complex to speculate, isn't it?
But it hasn't been that!
As I said in previous post about daily chart need a 5th wave up......



The Entire wave 4 is not WXY ( double zigzag )
Its double zigzags + double zigzags + An Impulse !




Yellow wave A = double zigzags (aqua a) + double irregulars (aqua b) + double zigzag (yellow A)
   Yellow wave A = 400 pips.

Yellow wave B = double zigzag (where c = 2a)
   Yello wave B = 200 pips

As rule, wave C in ABC correction should be impulse or diagonal.

Here, Yellow wave C is extended in its 3rd wave (white 3).

Is there white wave 4 ended at 1.24600..

No, it will end around 1.24200 area...! ( target for buy! )
Then a extended white wave 5 begins or a ending diagonal.
Target 1.26300 area ( where Yellow wave C = 400 pips )


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