karlsmith87

karlsmith87

Barrier Triangle Elliot Wave go short! 1. Wave C never moves beyond the end of wave A, wave D never moves beyond the end of wave B, and wave E never moves beyond the end of wave C.

karlsmith87

Wave 2 Retrace between 23.60% and 38.20% of Wave 1. Wave 3 is nearly 161.8% of wave 1. Wave 4 Retrace between 23.60%-38.20% of Wave 3. I will buy soon as the market opens and set my stop loss at 0.98363 Go long for a potential wave 5 that is 100 percent of wave one at 1.02492

karlsmith87

Wave 2 Retrace between 50.00% and 61.80% of Wave 1. 3rd Wave is an extended wave. Wave 3 is between 261.8% and 323.60% of wave 1. Wave 4 Retrace between 23.60% and 38.20% of Wave 3. Wave 5 could be equal to 61.8% to 76.4% of wave 3. Go Long.

karlsmith87

Waves C, D and E each moves beyond the end of the preceding same-directional subwave. Subwaves B, C AND D each retrace at least 100 percent but no more than 150 percent of the preceding wave. A line connecting the ends of waves B and D diverges from a line connecting the ends of waves A and C. Go long.

karlsmith87

Wave 2 Retrace between 38.20% and 50.00% of Wave 1. Wave 3 is 161.8% of wave 1. Wave 4 Retrace between 50-62% of Wave 3. Expect Wave 5 to end on one of the two upper channel lines.

karlsmith87

Expect Wave 5 to end on one of the two upper channel lines.