Elliot Wave 4: How to Draw Price Retracements for Wave 4

How to measure Elliot Wave's Corrective Wave 4:

Plot the Fibonacci retracement tool. 

1. At the end of Wave 2 and

2. At end of Wave 3.

A normal wave 4 correction is between 38.20 and 61.8 percent of Wave 3. There are exceptions though like in the above example wherein the correction is shallow.

In case a Wave 4 turns to a Wave 2, this is your new trading opportunity to trade the next Wave 3.