E W by PRABAKAR

Dear All,

As per the view posted earlier today

Wave 4. 5178 - 5409 = 231 points 23.6 % of Wave 3
- 5552 = 374 points 38.2 % of Wave 3
- 5667 = 489 points 50.0 % of Wave 3
- 5783 = 605 points 61.8 % of Wave 3

Previously Wave 1.= 6312 - 5752.

As per general EW wave rule, Wave 4 most of times will not cross Wave 1(5752), So if the upmove continues tomorrow, next target may be 5667.



I have just read about the Ratios for Wave 4, based of some statistics.

a) We can anticipate only 15% of the time Wave 4 to retrace between 24% to 38%
b) We can anticipate 60% of the time Wave 4 to retrace between 30% and 50%
c) We can anticipate 15% of the time Wave 4 to retrace between 50% and 62%
d) We can anticipate 10% of the time Wave 4 retracing 62% or greater
February 17, 2011 9:47 PM

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