Elliott wave target is quite accurate target zone help you a lot in trading
As this chart and thumbnail chart I expecting price come down wave 4 or continue go to yellow target then make wave 4
So how can we target, firstly to target wave 5 we have to identify which wave is extension
• If wave 1 is extension
We use Fibonacci extension 012
With 0.618(major), 1, 1.618 level
In this chart price had reached 0.618 next target is 1
• If wave 3 is extension
We use Fibonacci extension 014
With 0.618, 1(major), 1.618 level
• If wave 5 is extension
We use Fibonacci extension 034
At this point we draw we don't know it is ext 5 or not but if price keep going we need to watch this level
With 0.618, 1, 1.618(major) level
To Target wave 3 first We use Fibonacci extension 012
With 1, 1.618, 1.786, 2.618
So how can we target, firstly to target wave 5 we have to identify which wave is extension
• If wave 1 is extension
We use Fibonacci extension 012
With 0.618(major), 1, 1.618 level
• If wave 3 is extension
We use Fibonacci extension 014
With 0.618, 1(major), 1.618 level
We use Fibonacci extension 034
At this point we draw we don't know it is ext 5 or not but if price keep going we need to watch this level
With 0.618, 1, 1.618(major) level
With 1, 1.618, 1.786, 2.618
