CFDs on Crude Oil (WTI)Education
Elliot synced with advanced patterns // Educational ®
iMPULSE LEG:
Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave 1 gains;
Can never exceed the start of wave 1);
wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave);
wave 4 = 38.2% of wave 3 (can never overlap wave 1 [i.e., cross into the same price area]);
wave 5 = wave 1
CORRECTiON:
Wave A = usually around the 50% or 61.8% of wave 5
Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A
Wave C = Wave A (AB=CD)
161% ext Wave A
262% ext Wave A
Eventual Patterns inside the Impulse:
Eventual Cypher pattern:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD
Eventual Patterns inside the Correction:
AB=CD pattern IF the wave B retracement do not exceed the 61.8% of Wave A, in this case one Cypher pattern can be forged too;
Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave 1 gains;
Can never exceed the start of wave 1);
wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave);
wave 4 = 38.2% of wave 3 (can never overlap wave 1 [i.e., cross into the same price area]);
wave 5 = wave 1
CORRECTiON:
Wave A = usually around the 50% or 61.8% of wave 5
Wave B = Usually 50% of Wave A and Should not exceed 75% of wave A
Wave C = Wave A (AB=CD)
161% ext Wave A
262% ext Wave A
Eventual Patterns inside the Impulse:
Eventual Cypher pattern:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD
Eventual Patterns inside the Correction:
AB=CD pattern IF the wave B retracement do not exceed the 61.8% of Wave A, in this case one Cypher pattern can be forged too;
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