Looks like we are going to test $488 which is a key level I talked about in the related idea.
הערה
⋅
3HR: Added Spirals...
הערה
⋅
Correction Wave B Extended Beyond the Beginning of Wave A.
הערה
⋅
Lower degree 3rd and 5th Waves Extended.
The Wave B that follows will also be in three sub waves but the price will exceed the top of Wave 5. Thereafter, we will get a normal Wave C made up of five sub waves.
הערה
⋅
הערה
⋅
הערה
⋅
$556
הערה
⋅
According to Elliott, diagonal triangles are often found as Wave 4 in situations when the upcoming fifth wave was likely to extend. The third wave would have traveled a considerable distance in a short space of time, and the diagonal triangle itself would appear sloping in the direction of the major trend.
הערה
⋅
The sub-waves had extending 3rd and 5th impulse waves.
Get ready for another strong move up!
-AB
הערה
⋅
Buckle up!
הערה
⋅
5th Wave has passed .618 [Fib Extension from 0-3-4]
הערה
⋅
Fib Extension (0-3-4)
הערה
⋅
We have an extending 5th as predicted. It is impossible to tell where extending waves end. This is when indicator can be helpful along with wave analysis.
הערה
⋅
Sub-Wave 3 has passed 1.681.
הערה
⋅
Next level is 1 (Fib Extension 0-3-4), if it passes 1 then look to 1.681!
We will have a sharp correction when the 5th Wave completes.
הערה
⋅
Looks like $627 could be the terminal point for the higher degree 5th Wave.
הערה
⋅
הערה
⋅
הערה
⋅
הערה
⋅
It is just as common to see a fifth wave extension as you can see a third wave extension. The only difference is third wave extensions are quick to reach their targets.