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VMS - CHART, page-839

  1. 6,271 Posts.
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    There are two things I’m wondering about:
    1. Why do you have to use such a disrespectful language when formulating your chart interpretation - is that really necessary or do you feel it makes your interpretation more relevant and correct?
    2. Having said that you seem to have a very unique, if not to say very strange way of using Fibonacci Ratios to establish your MW1 target at about 20c. Are you sure it’s the correct application of Fibonacci Ratios because using the normal and correct Fibonacci Extension application, I get to 31.5c for 161.8% for wave (3) up rather than your 20c.

    So may I respectfully ask you to either check once more on that correctness of your Fibonacci Extension target or alternatively explain how you got to it and how that is complying with rules based application of either Fibonacci Extensions or Elliott Wave Theory, because I assume that is what you are attempting to apply here.
 
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