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Retracement. Wave B down
When an impulsive wave A up structured as the full Five Wave up fractal gets completed time comes for a large corrective wave B down. Corrective Wave B down reacts to a preceding actionery wave A up. We always measure counter trend wave B down in terms of ratio of its length to length covered by preceding wave A up. We call such a ratio “retracement ratio”.
MAIN FEATURES
- Corrective Wave B down reacts to preceding Wave A up.
- To predict a target for Wave B down we should measure length of Wave A up and apply common retracement ratios to the length of Wave A up.
- 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.