Head and Shoulders Target Hit - Wave Analysis Readjusted
I’ve revisited my wave analysis. I just realized i’ve been calculating Wave 5 wrong all this time, by over extending it. The wave 5 extension rule doesn’t apply unless wave 3 is less than 1.618. This looks much better .. way more realistic !
Wave 4 n 5 targets are dependent on wave 3, all dependent on each other sequentially hence the wide box range you see.
I still believe we’re in wave 3 .. today we corrected to 50% Fib with Wave @ 1.75%. As you can see it duplicated the left side correction. This is what you call harmonics.
Wave 4 n 5 targets are dependent on wave 3, all dependent on each other sequentially hence the wide box range you see.
I still believe we’re in wave 3 .. today we corrected to 50% Fib with Wave @ 1.75%. As you can see it duplicated the left side correction. This is what you call harmonics.