Wave (iv) Retracements with Reference to Wave (b) of Wave (iii)

Wave (iv) Retracements with Reference to Wave (b) of Wave (iii)

Again in Chapter 3, I provided an example of a decline in Wave (c) which demonstrated how Wave -iv-never retraces beyond the prior Wave -b-of Wave - iii-. (This was also shown in Figure 4.8 detailing the ratios in an extended Wave (iii).) There is nothing more to gather from this chart but I present it again to demonstrate the remarkable harmonious relationships between all parts of the wave structure (Figure 4.18).

Figure 4.18 Wave (c) Decline in Five-Minute USDCHF Displaying the Limited Pullback in Wave -iv-

The ratios are displayed in Table 4.13. It should be noted that the reaction following the completion of this Wave (c) was not too surprising as this completed a Triple Three correction in Wave (X) from the 1.0897 high.