XRPUSDT Perpetual ContractEducation
How to measue targets in EW perspective; ''Wave 5''
There are a lot of traders,
Contacting me with the question, how to identify the target of wave 5 after an 4 wave impulse wave structure.
Well, general rule, in which you can identify the wave 5 pattern target after completion wave 4 is following;
1. Measure wave 1 and use the lenght of the wave to identify your wave 5 target. Thus by starting at the end of wave 4.
2. Measure the 61.8% ratio of wave 2-3, apply the same rule as mentioned above. So the lenght of the 61.8% of wave 3, is your target at the end of wave 4.
3. Measure the 127.2% Fibonacci Retracement ratio of Wave 4. By connection the high of wave 3 with the low of wave 4.
--> Important NOTE: Some correctional Flat running waves intend to have a deeper A wave then C wave. So do not connect the retracement from the high of wave 3, to the low of wave A. By doing this, you will find inproper targets for wave 5.
Please rate this education chart, and if you want more to these, please let me know in the comments. Also other feedback is mostly welcome!
Contacting me with the question, how to identify the target of wave 5 after an 4 wave impulse wave structure.
Well, general rule, in which you can identify the wave 5 pattern target after completion wave 4 is following;
1. Measure wave 1 and use the lenght of the wave to identify your wave 5 target. Thus by starting at the end of wave 4.
2. Measure the 61.8% ratio of wave 2-3, apply the same rule as mentioned above. So the lenght of the 61.8% of wave 3, is your target at the end of wave 4.
3. Measure the 127.2% Fibonacci Retracement ratio of Wave 4. By connection the high of wave 3 with the low of wave 4.
--> Important NOTE: Some correctional Flat running waves intend to have a deeper A wave then C wave. So do not connect the retracement from the high of wave 3, to the low of wave A. By doing this, you will find inproper targets for wave 5.
Please rate this education chart, and if you want more to these, please let me know in the comments. Also other feedback is mostly welcome!
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