Relation Between Fibonacci and Elliott Wave Theory
Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1 • Wave 3 is typically 161.8% of wave 1 • Wave 4 is typically 14.6%, 23.6%, or 38.2% of wave 3 • Wave 5 is typically 61.8%, 100%, or 123.6% of wave 1