5th wave on the move
Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. For example, in impulse wave:
- Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1
- Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1
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