Primary and secondary projections. Typical Min, typical and maximum projections, if applicable Smaller time frame (subdivision) EOW target to include. Ratios in bold are the primary projections for that set. EOW 1 or A W.1 = Five Waves; W.A usually five but may be three waves. Since a Wave 1 or A is the first section of a new E-wave pattern, you cannot make projections based on completed sections of the new pattern. The EOW 1 or A will usually be at a retracement of the last section of the prior pattern. Retracements: 38.2%, 50%, 61.8%, 78.6% Smaller Time Frame EOW: EOW-5 of W.1 or A. EOW 2 or B Usually an ABC correction but may be a complex correction. Primary Projections Retracements of W.1 or A: 50%, 61.8%, 78.6%. A daily close past the 78.6% retracement signals it is probably not a corrective Wave-2 or B and the prior trend should continue. Minimum W.2 or B: 50% retracement of W.1 or A. Maximum W.2 or B: 78.6% Retracement of W.1 or A Smaller Time Frame EOW: EOW W.C of 2 or B projections. EOW 3 or C Both should subdivide into five-waves. Primary Projections Alternate Price Projections of W.1 or A from the W.2 or B extreme: 62%, 100%, 162%, 262%. Secondary Projections External Retracements of W.2 or B: 127%, 162%, 262% Minimum W.C Target: 62% APP of W.A Typical W.C and Minimum W.3 Target: 100% APP of W.1 or A Maximum W.C and Typical W.3 Target: 162% APP W.1 or A Smaller Time Frame EOW: W.5 of 3 or C projections. EOW 4 Often an ABC but may be any form of a complex correction. Primary Projections W.3 Ret: 38.2%, 50%, 61.8% Secondary Projections APPs of W.2 projected from the W.3 extreme: 62%, 100%, 162% Minimum W.4 Target: 38.2% retracement ofW.3. Maximum W.4 Target: 61.8% retracement W.1-3. Smaller Time Frame EOW: EOW-C of 4 target zones if it appears W.4 will be an ABC. EOW 5
Should always be five-waves.
Primary Projections APPs of W.1-3 (range from the beginning of W.1 to the end of W.3) projected from the W.4 extreme: 38.2%, 61.8%, 100% Secondary Projections APPs of W.1 projected from the W.4 extreme: 62%, 100%, 162% Ext Ret. Of W.4: 127%, 162% Typical W.5 Target: Either the 38.2% or 61.8% APP of W.1-3. There is not a min W.5 target. W.5 is usually complete near one of these two projections. Which projection is more likely to be near the end of wave 5 will depend on what secondary projections fall near either of these two projections. Maximum W.5 Target: 100% APP of W.1-3. Smaller Time Frame EOW: EOW-5 of 5.