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On all charts, if you see a long wave, it is probably Elliott wave 3. So look for the path of wave 4 and 5.
The vertical lines of Time analysis are based on Fibonacci
Wave 4 usually corrects either up to 32.8% or 50% of wave 3. So time analysis is very important here. Because we have to wait for the right time. Time correction for wave 4 is usually 100% fibo retracement.
Wave 5 also consists of a smaller five waves. I always try to exit the trade at the end of wave 3 of these five waves. Because usually wave 4 is a boring wave.
#At the end of a full cycle from a 5-wave, always be ready to trade in reverse.
The vertical lines of Time analysis are based on Fibonacci
Wave 4 usually corrects either up to 32.8% or 50% of wave 3. So time analysis is very important here. Because we have to wait for the right time. Time correction for wave 4 is usually 100% fibo retracement.
Wave 5 also consists of a smaller five waves. I always try to exit the trade at the end of wave 3 of these five waves. Because usually wave 4 is a boring wave.
#At the end of a full cycle from a 5-wave, always be ready to trade in reverse.
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