See calculations:-
1/- Wave 1=22022-21306=716
wave 4 =22417
projected wave 5=22417+716=23133
2/- projected wave 3=22072-21595=477x1.618+22007=22778 +/-3 pts
3/- wave 5of 5 is 1.618 of wave 1 of 5
china's market shows weakness compared with global recovery. Today's top has its technical implication.
We decide to take at least 50% of profit.and buy back after correction finished. Any price above 23160 (hsif) and 2255 (shicom) should regard this prediction damn wrong.
3 則留言:
hi...its great abt ur drawing...
may i hv a question? why u put a retracement between 22544 & 22917? as its not from wave 3 to wave 4...
thz
hi, great only if i comes out as expected:>P
23135 to 22545 down 590 points will filled the last 2 gaps being formed during the uptrend. If it could hold, a head & shoulder will be formed with a measuring target at 21955 which is more or less 0.618 retracement level.
Please note that all are based on assumptions and could come out much differently.
Happy Trading!
Yeh, vy clear...thz for your work
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