Case Studies:
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Retracement. Wave 4 down
Corrective Wave 4 is always shorter than preceding impulsive wave 3.
Wave 4 down reacts to a preceding impulsive wave 3 up. We always measure counter trend wave 4 down in terms of ratio of its length to length covered by preceding wave 3 up. We call such a ratio “retracement ratio”.
MAIN FEATURES
- Corrective Wave 4 reacts to preceding Wave 3.
- To predict a target for Wave 4 we should measure length of Wave 3 and apply common retracement ratios to the length of Wave 3.
- Introduction to Section 8.
- How to measure corrective wave 2 with retracement ratio.
- Wave 2: the most common retracement ratios.
- How to measure corrective wave 4 with retracement ratio.
- Wave 4: the most common retracement ratios.
- How to measure corrective wave B with retracement ratio.
- Wave B: the most common retracement ratios.
- Case Studies: Application of Retracement Ratios.