Professional Documents
Culture Documents
EOW Label
and Typical
Subdivisions
EOW 1 or A
W.1: Five-Waves
W.A: Usually fivewaves but may be
three.
EOW 2 or B
Usually an ABC
correction. 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 fivewaves.
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 ABC but
may take the form
of any 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
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.