Sunday, May 10, 2015 3:09:12 AM
APPL- This is a perfect chart to explain a basic EW concept that I use.
1. If you look at the RED 1-2-3-4-5 you'll notice that it completes the BLUE Wave 3.
2. If you look at the RED A-B-C you'll notice it completes the BLUE Wave 4.
3. Many times 4th wave retrace back to the area of the 4th wave of one lesser degree. In this case that right around $119-$104. You can narrow that range once you have enough of the correction printed to measure and project. However my point for posting this is just to show hoe you can use the 4th wave of one lesser degree as a quick reference.
1. If you look at the RED 1-2-3-4-5 you'll notice that it completes the BLUE Wave 3.
2. If you look at the RED A-B-C you'll notice it completes the BLUE Wave 4.
3. Many times 4th wave retrace back to the area of the 4th wave of one lesser degree. In this case that right around $119-$104. You can narrow that range once you have enough of the correction printed to measure and project. However my point for posting this is just to show hoe you can use the 4th wave of one lesser degree as a quick reference.
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