As you can see wave 3 is less than 162% of wave 1. That means that wave 5 overextends itself, which leads to a target of at least 62%. This measurement refers to the starting point of wave 0 to the ending point of wave 3 and is the minimum target for a wave 5 extension.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.