Hey there, green circled wave 5 cannot end below the prior impulse waves' high in your cup (hence it should be targetting at least $0.51 or so on your chart). Did you put the ABC correction randomly? Check out Haejin's tutorial on Fib ratios, that's gold! :)
Thank you!! So wave 5 should go up to .51 and possibly higher as per Haejin's post?
For the ABC correction I used the Fibonacci retracement tool and started from the start of my primary wave 1 up to 5 and placed it between 0.5 and 0.618. Should I have started it at the beginning of 5?
Hey there, green circled wave 5 cannot end below the prior impulse waves' high in your cup (hence it should be targetting at least $0.51 or so on your chart). Did you put the ABC correction randomly? Check out Haejin's tutorial on Fib ratios, that's gold! :)
Thank you!! So wave 5 should go up to .51 and possibly higher as per Haejin's post?
For the ABC correction I used the Fibonacci retracement tool and started from the start of my primary wave 1 up to 5 and placed it between 0.5 and 0.618. Should I have started it at the beginning of 5?
Many thanks for your help!