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Non-Tech : Kirk's Market Thoughts
COHR 163.45-0.5%1:27 PM EST
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To: Ken Adams who wrote (25236)7/17/2025 5:53:03 PM
From: #Breeze5 Recommendations

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Ken Adams
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robert b furman
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First I will explain the relationship of Wave iii to Wave i.

Wave iii gain is typically egual to 161.8% times Wave i entire gain and the result is added to the end of Wave ii. The chart below has the algebraic formula.

However, in this case Wave ii unfolded as an expanded abc pattern. Since Wave b made a higher print I used its price instead of Wave i.

Tradingview has a tool called the Trend-based Fibonacci Extension that computes the price point for Wave iii.

The anchor points for this tool is the start of Wave i (2.892), in this case the end of Wave b (4.066), and the end of Wave c (3.081) - which is the end of Wave ii.

If I had used Wave i (3.767), then Wave iii price would be lower. I track both.

Got it?

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