Hello , I am back with my new idea . "Elliott wave concept" you can see this is Zigzag in bullish market zigzag : ----------------------bullish market----------------------- --------------------------------------------------------- ---------------------bearish market-------------------------
we see zigzag in corrective waves 2,4 & B wave A always makes 5 wave which is 1,2,3,4,5 or it can make Leading diagonal wave C always makes 5 wave which is 1,2,3,4,5 or it can make Ending diagonal wave B never ever move beyond wave A and it subdevided into 3 waves or we can see zigzag , flat , double zigzag , combination etc. wave C frequently always ends beyond starting point of wave 1 --------------------------------------------------------------------------------------------------------------------------------------------- Ratio of Retracement
Normally Retracement of wave B : 38.2% to 78.6% of wave A
+ if wave B is Triangle : it retraces 38.2% to 50% + If wave B is Zigzag : it retraces 50% to 78.6% of wave A + if wave B is running triangle wave b can be 10 to 40% of wave A Thanks for your valueable time
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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.