let's look at the LTC / USD chart, wave 4 always forms a triangle. According to the rules of the Elliott wave theory a triangle is formed in waves 4, waves B and waves X.
In Elliott Wave Theory, each end of wave 5 will be followed by an ABC correction.
Wave iii = 161, 261, 361 fibonacci
Wave 3 = 161% or 261% Wave 4 = 38% or 50%
-Wave = .618 x Wave 1 Through 3 -Bearish divergence