iCharts Discussions

[rohan.sharma]

Can any one confirm are will we go to 5th wave in RCOM

[maddyprincess]

Yes. Trading as per EW could be total disaster to your corpus if you have not followed the rules thoroughly. Dont jump into conclusions
The following points can be useful

1. It looks like we r in wave 4. Wave 3 is subdivided properly
2. Wave 2 taken 21 days to form & retraced exactly 61.8%
3. Wave 4 could retrace more of wave 3 or could take more days to form

Hence wait for the wave 4 pattern to form completely & trade on breakouts for wave 5 tgt

We can review this wave 4 formation after 10-15 trading days

Maddy