The confirmation of wave V is when the price break last highest price (4.5) with momentum indicator support, unless it will trabsform to complex-corrective wave IV.
The conservative target price should be 61.8% or 100%(common) fibonacci retracement of wave I; according to rule of Elliott wave that "wave III always not be the shortest wave"
please consider before making the decision...
any ideas feel free to share
thanks.
--Doctor Way play stock--
The conservative target price should be 61.8% or 100%(common) fibonacci retracement of wave I; according to rule of Elliott wave that "wave III always not be the shortest wave"
please consider before making the decision...
any ideas feel free to share
thanks.
--Doctor Way play stock--
Comment:
risk reward ratio approximately 3 if use half of the previous big white candle as a stop loss, the alternative stop loss point is the 23.6% fibonacci (4.36).