Thanks. Nice one.
You say, "Wave 2 typically corrects 61.8 % of the fall but can correct only 23.6% 38.2% or 50%."
What are the SP figures for 23.6% 38.2%, 50%, and 61.6%?
If 100% is the difference between $10.60 and $5.67 (= $4.93), then is this right:
23.6% = $1.16. Plus the bottom on $5.67 gives us $6.78
38.2% = $1.88. Plus the bottom on $5.67 gives us $7.55
50.0% = $2.46. Plus the bottom on $5.67 gives us $8.13
61.6% = $3.03. Plus the bottom on $5.67 gives us $8.70
Z1P - What will be the bottom before the bounce., page-636
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