is down to its last three line of defense. The first is the closest trend support line. The level to look out for is about 2620. The second is Fibo 38.2 and wave (i) top of about 2597 since wave (iv) cannot encroach into wave 1. The last and final line of defense is the Fibo 23.6% which also coincides with the lowest trend support line at 2527.
评论
⋅
2593 busted today. Down to two last lines 2569 and 2527
Hi Will, could you possible assume when the wave (iv) end? and How long will take wave(v) to finish? Thanks
JackyQZ
⋅
I mean your latest comments... thanks
Will_Wong
⋅
@JackyQZ, wave (iv) has three waves, a 5,3,5 running flat correction. The first, a 5 wave down is completed, the second is in progress. It is very possible we will see wave (iv) Finished by next week.
JackyQZ
⋅
@Will Wong, thank for your explanation. I think it's hard to have wave(v) with new ATH, especially the end of this month... I do agree with your comments of 6th FEB, after finishing the wave(iv), it will continue to break new low range...
Will_Wong
⋅
@JackyQZ, wave 4 is looking like a zig zag. A is done at 2532. Wave B should retrace 38-50% of wave A. That should take it to 2,661-2700. Then wave C = wave A will take it down to 2332-2360
JackyQZ
⋅
@Will Wong, we will see how is going after several bounce
TadNewwin
⋅
Hi Will. How did you decide to start the Fib at 2421.38?
Will_Wong
⋅
@TadNewwin, I use that to get the 1.618 extension for the last wave {i} to {iii} to first get an idea of how deep wave {iv} retracement has gotten (close to 0.382) and to get the height of wave {v}. Thanks for asking.