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02/08/2021 FCPO ELLIOTT WAVE ANALYSIS

02/08/2021 FCPO ELLIOTT WAVE ANALYSIS

Assalamualaikum and Hi traders!

I'm still on the idea of wave 5 extension.

Quick knowledge sharing on Elliott Wave Principle.
The reference for this idea is based on EW guidelines on impulse wave.

Motive Wave Multiples
-----------------------------
(Impulse Wave Guidelines)
When wave 5 is extended, expect wave 5, in price terms, to travel 1.618 times the net distance traveled of waves 1 through 3.

Happy Trading!

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