This is the second scenario of the same idea. In this scenario the 2nd wave of the primary cycle travels to 0.236 of the 1st wave (shadow excluded).
In this scenario, the 5th wave will end at 1.618 as it matched exactly on both cycles.
In this scenario, the 5th wave will end at 1.618 as it matched exactly on both cycles.
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Related publications
Disclaimer
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.