Targets for wave 4
Wave 4 retraces at least 23% of wave 3 but more often reaches a 38.2% retracement. It normally reaches the territory of sub wave 4 of the previous 3rd wave.
In very strong markets wave 4 should only retrace 14% of wave 3.
Wave 4 retraces at least 23% of wave 3 but more often reaches a 38.2% retracement. It normally reaches the territory of sub wave 4 of the previous 3rd wave.
In very strong markets wave 4 should only retrace 14% of wave 3.
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