Panda7, wave c is typically calculated as one the numerous fibo multiples of wave a.
Fortunately, this version of EW basics from EWI isn't poisoned by Prechter's own work that IMHO corrupted the original interpretation of EW:
http://cdn.forexfactory.com/attachment.php?attachmentid=417590&d=1266070850
tour de tuesday, page-30
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Last
8,099.9 |
Change
24.200(0.30%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,075.7 | 8,143.6 | 8,075.7 |
| XJO (ASX) Chart |