by Alexandra Lienhard
Updated: January 31, 2017
In our latest "Video Mailbag," Brian Whitmer, our European Markets Expert, Mark Galasiewski, our Asian-Pacific Markets Expert and Wayne Gorman, the head of our Educational Resources department, sit down to answer questions submitted by viewers like you.
(Click here to submit any questions or feedback you may have and we'll do our best to get to them in our next episode.)
Questions answered in this episode:
Fibonacci ratios: "With regard to 4th waves, it is my understanding that the most common retracement level is .382 of wave 3, a Fibonacci ratio. If wave 4 reverses near .618 of wave 3, though, does such a deep retracement suggest that wave 5 will be extended?" (start time -- 00:21)
Extra technical indicators: "Can you suggest any technical indicators that confirm extended waves?" (start time -- 00:45)
Wave structure: "How many sets of ones and twos (subwaves of subwaves) can there be? Is there a limit?" (start time -- 01:20)
Corrections: "How do you know that a correction is about to start, and when the correction has ended? " (start time -- 01:42)
Time frames: "Does the Wave Principle work better on the shorter time frames or longer time frames?" (start time -- 02:21)
Chart types: "Can the Wave Principle apply equally to all types of charts such as bar, line or candle? Does it work best on any one in particular?" (start time -- 03:45)
Enjoy this episode and submit your questions now. We'll do our best to get to them answered in our next "Mailbag" episode.