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SAIL Update

17 Jul 202004:47 AM

The move in wave 3 has been slow with subdivisions into smaller waves. This is a sign that we can get wave extentions in wave 3 up as the early moves are subdividing into i-ii-i-ii. The recent support was taken on the 20dma at 32.40

sail 170720

This is where the late wave calculators useful because we are able to map the entire coming trend in advance. The table below shows what wave 3 extensions can look like from the wave 2 low near 29. The quality is at 50 and an extension to 1.618 times wave 1 and is up at 63. Keeping that is the minimum extension 38.2% retracement in wave 4 goes to 50 and a normal 5th wave then end is that 73. These are all presumptions the actual numbers could very and can be changed in the Elliott wave calculator based on the actual outcome at each stage.

IMPULSE WAVE COUNT CALCULATION
Wave 0 1 % 2 - 0.618 2 - 0.50 2 - 0.382 2 - 0.786
20 35 0.74 26 28 29 23
Wave 2 % 3 - 1.0 3 - 1.618 3 - 2.618 3 - 4.235 3 - 6.857
29 -0.18 50 63 84 118 173
Wave 3 % 4 - 0.236 4 - 0.382 4 - 0.50 4 - 0.618 4=2*fib
63 1.21 55 50 46 42 56
51
Wave 4 5 - 3 etn 5 - 5 etn 5 - gold 44 © Rohit Srivastava
50 73 222 96
87 170
110

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