| Followers | 64 |
| Posts | 9849 |
| Boards Moderated | 1 |
| Alias Born | 10/02/2002 |
Wednesday, January 28, 2015 8:56:30 PM
Some wave ratios on WTIC, Notes on chart as well. The labels W,X and Y make the pattern and I think they are more than reasonably correct. The W and Y should have some fib relations and 1 = 1, or .618 and 1.618 are by far the most typical. The ratio can't be 1 = 1 as that would put price at 1 dollar. 1.618 is definately out and .618 is the one. A .618 ratio would put the target at 44.56 and the recent low was 44.20 and very close. Could be a bottom and Gleno's time frame calcs match as well. (the two waterfall drops are approximately the same time frame) EDIT**** If the start of Y wave down was at the small red "b" then the target would be 38
"I may not agree with what you say,
but I agree with your right to be wrong."
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
