EW from 6339

From high of 6339

 

 

 

From the high of 6339 we did WXY at 4531

 

 From 4531 ,

 First we have to see this wave from 4531 as a 3 or 5 wave ....It does not look like a 5 wave , but its impulsive nature makes me believe that it is a 5 wave .

 so here is the chart

 

 

 

 

 

1 probability can be that we are doing zz from 4531 ,

we are in wave C up in 5 waves

A 4531-5630=1099

B 5630-4770=860(78.25%)

C is on , Equality to A gives target of 5869

If we break the move from 4770 ,

W1 4770-5349=579

W2 5349-5032=317(54.74%)

W3 is on Target can be =1.618*W1=5968

If we break move from 5032  further we can say

W3.1  5032-5394=362

W3.2 5394-5216=178(49%)

W3.3 is on again target can be 1.618*W3.1 = 5801