W1=4639-4866=227W2=4866-4755=111
W3=4755-5062* and should do a minimum of 5122(=1.62*W1) to max 5720(=4.25*W1) in 5 sub waves:
(i)=4755-5011=256
(ii)=5011-4916.7=95
(iii)=4916.7-5062* likely to test min 5332[1.62*(i)=415].
As this (iii) of W3 likely to play out (minimum) 415 points, its subwaves look quite tradable and it would be worth counting them as well.
For an ideal 415 points long WAVE having 5 subwaves- an ideal formation would be:
sw1=415/2.382=175=5091,
sw2=0.618*sw1=4982
sw3=1.62*sw1=5265
sw4=0.382*sw3=5156
sw5=sw1=5331
Please remember that the above mentioned is an ideal copy-book wave.How the actual one fans out would be much more interesting.
Best of luck for today's trades.
Raghu
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