Textbook : Wave-2 can retrace as mush as 99% of wave-1. If it does and wave-1 is polywave or higher the wave-2 will subdivide into an a-b-c affair in which the c wave will fail (the 2 wave may subdivide whether the 1wave does or not)
If you are witnessing the first wave-1 develop after a prolonged advance or decline there are no specific price level requirements for the termination of wave-1. If it is wave-1 of a larger wave-3 or 5 wave then wave-1 should approach and preferably exceed the termination point of the last impulse wave of one larger degree. The wave-3 must be longer then wave-1.If the pattern is above Complexity level 1 the third or fifth wave will be the subdivided segment not wave-1 This is not to imply wave-1 will not subdivide it just means it will not be the subdivided wave of the group.In other words wave-3 or 5 will be more subdivided.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.