The Most Typical Fibonacci Ratios/Multiples within Impulses:
If wave 1 is extended, expect the net of wave 2-5 to be .618 x wave 1
Wave 2 = 618 or .5 x wave 1
If wave 3 is extended, waves 1 and 5 tend toward equality. A .618 relationship is next most likely.
Wave 3 = 1.618 or 2.618 x wave 1
Wave 4 = .382 x wave 3
Wave 4 (net) typically relates to its...