Technical_Analysis_page_518

Technical | Analysis page 518 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 20 Elliott, Fibonacci, and Gann 489 Figure 20.9 illustrates a projection that occurs at the end of wave 5 extensions. When wave 5 extends, the corrective wave that follows is steep and often ends either at the minor wave 2 of the extended wave 5 or at the end of wave 4. In other words, the…