How to find the next wave after the development of extended waves?
Two terms are important to understand for this Sample.
The formula that we will use to find the 5th wave:- Extended Wave – The biggest wave of three impulsive waves (W1, W3, or W5) for the motive phase. In this, we expect gaps, surged, sharp moves in it.
- Difference between points – A wave has two points, the starting and ending point. The distance between them is the difference between those points. For example, Wave 1 traveled from Rs. 30 points to Rs. 45 point. As a result, the difference between 45- 30 points is “15”.
Difference of, 5th Wave = 3rd wave Extended – 1st WaveContinue reading