@Tradinator
Monthly chart = large degree EW where
- W2 is a 50-61% Fib retrace of W1
- W4 is a 23-38% Fib retrace of W3
- once W5 top is in, then 50-61% Fib retrace
Note:
- W1, W3 and W5 each consist of 5 smaller degree EW waves ... its fractal of nature meaning each of those has 5 smaller waves again ... and so it continues
- W2 and W4 are against the trend i.e. corrective
The Bear Room, page-972
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