Elliot Wave: Correction Wave A to Wave B
Correction Wave A to Wave B
In a zigzag, the retracement of wave A by wave B
will depend on the structure of wave B. For example,
in Figure A.21, if wave B is a zigzag, it should retrace
0.5 to .786 of wave A. If wave B is a triangle, it should
retrace .382 to 0.50 of wave A. If wave B is a flat, it should
retrace at least .887 of wave A.
38.2% of WA
Entry Price: 1.62262
Stop Loss: 1.61732 (53 pips)
TP1: 1.64658 (240 pips) 38.2%
TP2: 1.65398 (314 pips) 50.0%
50% of WA
Entry Price: 1.60283
Stop Loss: 1.59634 (65 pips)
TP1: 1.63435 (315 pips) 38.2%
TP2: 1.64409 (413 pips) 50.0%
In a zigzag, the retracement of wave A by wave B
will depend on the structure of wave B. For example,
in Figure A.21, if wave B is a zigzag, it should retrace
0.5 to .786 of wave A. If wave B is a triangle, it should
retrace .382 to 0.50 of wave A. If wave B is a flat, it should
retrace at least .887 of wave A.
38.2% of WA
Entry Price: 1.62262
Stop Loss: 1.61732 (53 pips)
TP1: 1.64658 (240 pips) 38.2%
TP2: 1.65398 (314 pips) 50.0%
50% of WA
Entry Price: 1.60283
Stop Loss: 1.59634 (65 pips)
TP1: 1.63435 (315 pips) 38.2%
TP2: 1.64409 (413 pips) 50.0%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.