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Elliott wave 2
1. Wave 3
2. Wave 4
Wave 1
1. Wave 1 3 sub-waves,
2. Wave 2 A-B-C
3. Wave 4
Sideway sub-waves 1-2 Wave 5
_____________________________________________________
Elliott wave 2
1. Pattern Recognition ( 5 Wave 1-2-3-4-5 3 Wave A-B-C)
2. Fractals Degree ( 7 )
+
+ wave
RSI
3 B ()
5, Peak
A B C 161.8, 261.8 ++
Panic sell
1 5 Wave c 78.6%
5 C 1 = 61.8% (
1
Prev.low Target )
Wave 1 2 Correction 38.2%
50%
Wave 1 3 5
161.8 (127.2 ), Bullish
261.8 423.6 ++
(Step 61.8
161.8 100%
Double top )
Wave 3 4 Correction 61.8% 78.6%
Wave 4
Wave 1
Correction
sub wave 1-2 wave 3 wave 3 smart
money
wave 5 wave
Wave 4
Wave 3
Wave 1
Wave 1 3 sub-waves,
Wave 2 A-B-C Wave 4 Sideway
sub-waves 1-2 Wave 5
Complex )
Wave 3
http://www.bloggang.com/viewblog.php?
id=makoton&date=24-07-2009&group=1&gblog=9