Replies to post #4527 on Direxion Daily Junior Gold Miners Index Bear 3X Sh (JDST)

[Qone0]

Wave 4 seems to have taken the triangle shape as many wave 4's do.


remember this is a 60 min chart count.

Ratios for Wave 5 Wave 5 has two primary relationships. Wave 5 behavior has a direct correlation to the Fibonacci relationship of Wave 3.


Relationship #1- If Wave 3 is greater than 1.62, or extended, Wave 5 ratios are as follows: Wave 5 either = Wave 1, or = 1.62 x Wave 1, or = 2.62 x Wave 1


Relationship #2-- If Wave 3 is less than 1.62, Wave 5 ratios are as follows: When Wave 3 is less than 1.62, Wave 5 will often overextend. The ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3. Extended Wave 5 = either 0.62 x length (beginning of Wave 1 to top of Wave 3) or = length of (beginning of Wave 1 to top of Wave 3) or = 1.62 x length of (beginning of Wave 1 to top of Wave 3)
Odds are