| | | da_spot and Kirk, here's a ETHUSD Wave Count. Wave (v) of Minute Wave (circle) iii is in play with a target of 4,483.7.
I will share how I project my targets.
After Minute Wave (circle) ii was complete at 2,115.6, I used a Fibonacci price extension to project Minute Wave (iii). I've written that a wave three target equals 161.8% of a wave one (of the same degree) - an EW guideline. In this case the target was 4,533.9.
I then evaluated and labeled the price pattern of the sub-waves of Minute Wave (circle) iii which I've labeled on the chart as Waves (i), Wave (ii), Wave (iii), Wave (iv). Once Wave (iv) was complete, I projected a target for Wave (v) which would complete Minute Wave (iii). Wave (v) equals 61.8% of the entire gain from the start of Wave (i) to the end of Wave (iii) - a EW guideline. However in the case of an expanded (a),(b),(c) I use the top of Wave (b) instead of the top of Wave (iii) - So the target for Wave (v) is 4,483.7. A 50.2 delta from my first measure.
Hope this is clear.
Breeze
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