@haejin I understand the price patterns but I was wondering if you could further explain how you predict the price points. Is there some sort of formula being used?
Thankyou
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@haejin I understand the price patterns but I was wondering if you could further explain how you predict the price points. Is there some sort of formula being used?
Thankyou
It's in the tutorials, and the recommended books.
he makes an estimate. Wave 2 is 3x length of wave 1
Hi Jeff,
sorry, but that isn't correct. Wave 2 is a corrective wave and can never go below the start of wave 1. Wave 3 is often 2.61 x Wave 1 when wave 3 is the longest of the 5 waves. However, wave 5 may be the longest wave. I have the same question though: how to determine when the longest wave will be 1, 3 or 5, keeping in mind that 3 can never be the shortest.
By looking at local horizontal support and resistance. It's Haejin's secret sauce. Please review his tutorials. If we are lucky, we may get Elliott Wave Counting Tutorial #4.
Haejin been studying this for 20 years, he must be in heaven...lol
check out this video on the Fibonacci. It is underneath post. Formula? Its nature presented in digital format, that what the waves are. Haejin can not make you understand this, its like learning to drive a car, if you sit in the passenger seat, you will never learn. watch his videos.... over and over again....eventually it starts to click.
When you start to do it on your own, its a truly magical experience.