In 1W Time Frame you can see the end of Wave 4.
Why I think - this is Wave 4 ?
1. start and end of wave 4 is characterized by the intersection of the 0 line on the oscillator MACD
2. If wave 2 is simple then wave 4 is complex
Why I think this is the end of Wave 4?
1. only 10% probability that Wave 4 retrace > 62% of Wave 3. - now = 85%. < 1% that Wave 4 retrace >= start of Wave 3 (on month TF) 3000-3100
2. we can see candle SQUAT (MFI - Volume +) - all trends start and end with SQUAT candle.
Why target for Wave 5 is 14000 - 16000 to the mid of 2019
1. Target of Wave 5 calculation is based on Tom Joseph research of EW
2. With such a counting of waves - the failed wave 5 will be formed with a peak lower than that of wave 3
P.S. All Waves on 1W time frame is based on sub waves count - from 15 minutes to 1W.
If you like it follow my ideas and on Twitter @Poblotskyi
Why I think - this is Wave 4 ?
1. start and end of wave 4 is characterized by the intersection of the 0 line on the oscillator MACD
2. If wave 2 is simple then wave 4 is complex
Why I think this is the end of Wave 4?
1. only 10% probability that Wave 4 retrace > 62% of Wave 3. - now = 85%. < 1% that Wave 4 retrace >= start of Wave 3 (on month TF) 3000-3100
2. we can see candle SQUAT (MFI - Volume +) - all trends start and end with SQUAT candle.
Why target for Wave 5 is 14000 - 16000 to the mid of 2019
1. Target of Wave 5 calculation is based on Tom Joseph research of EW
2. With such a counting of waves - the failed wave 5 will be formed with a peak lower than that of wave 3
P.S. All Waves on 1W time frame is based on sub waves count - from 15 minutes to 1W.
If you like it follow my ideas and on Twitter @Poblotskyi