An interesting result was obtained by analyzing the correction wave lengths after a strong impulsive wave (with more than 50% price rise):
- All correction "Minimum Price" (Red Arrows) are between 0.786-0.618 Fibonacci.
- Almost all "Impulse Start Price" (Green Arrows) are between 0.786-0.618 Fibonacci and above the "Minimum Price" (Red Arrows).
If it repeat itself, now we are may be in "Impulse Area". new impulse may be between 0.417-0.517.
I used my naming in the analysis.
It's just for education.
I will be happy to use your comments.
- All correction "Minimum Price" (Red Arrows) are between 0.786-0.618 Fibonacci.
- Almost all "Impulse Start Price" (Green Arrows) are between 0.786-0.618 Fibonacci and above the "Minimum Price" (Red Arrows).
If it repeat itself, now we are may be in "Impulse Area". new impulse may be between 0.417-0.517.
I used my naming in the analysis.
It's just for education.
I will be happy to use your comments.
