Lloyds

Lloyds has broken out strong resistance and is coming back to re-test breakout point.

I see Lloyds still going strong. A question for the EWT experts out there. If we take the current wave up as wave 3 how long can we expect it to climb and also how long would we expect wave 4 to be based on EWT rules?

Thanks in advance.

Amo

Amo,

Very very quickly, just saw this, and having to jump out for football, but i think, think being the operative word, that we can expect, as a guideline not a rule, the 3rd wave to extend 181% (roughly) of the length of wave 1.

I also think wave 4 as a guide line retraces 31.8% of wave 3.

Thats from memory so could be totally wrong.

Check Jackozy's blog, but 1.618 for wave 3 and for wave 4 (23.6% to 50% of wave 3)

Just back, apologies, typo with the 181.

Ok after reading Jackozy's blog, using some simple yet taxing (for me) maths, some free charting software, downloading and registering for Dropbox and impatiently skipping through Remo's very helpful dropbox video this was the best I could manage for this evening.

It's the first chart I have ever posted online so be nice. I am not quite sure what to expect next though apart from maybe expecting a retrace to 40

I'm getting there slowly but surely.




Edit : It didn't work so the link will have to do for now.

www.dropbox.com/s/zfhnobc6yhpn4y4/Lloy.png

Edit 2 : Just some extra thoughts. 42 area as a possible wave 4? Would love the opinions of an expert on EWT as to whether any of this could be valid.

www.dropbox.com/s/75hcx20fimboikz/Lloy%202.png?m