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Weekly log scale . Depth of corrective waves
(1) Wave (iii) is a wave with a 1st wave extension . It has corrected by wave iv till 38.2% . Wave iv has corrected to wave ii of one lesser degree as per Elliott guide line regarding depth of corrective waves .
(2)See the alteration between wave (ii) - Flat and wave (iv) - Zig Zag .
(3) Also see the weekly hammer .
(4) As per Neo wave guideline a corrective wave i.e wave iv will be retraced by more that .618% .Later on we will see whether this becomes a triangle or not . Buy with a target of 1482 with an SL of 1040, Its a multi day swing trade
Regards
(2)See the alteration between wave (ii) - Flat and wave (iv) - Zig Zag .
(3) Also see the weekly hammer .
(4) As per Neo wave guideline a corrective wave i.e wave iv will be retraced by more that .618% .Later on we will see whether this becomes a triangle or not . Buy with a target of 1482 with an SL of 1040, Its a multi day swing trade
Regards
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