• Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 • Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2 • Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50% • Wave 5 (a) ext from 0-3-4 61.8% (b) ext from 0-1-4 61.8%, 100%, or 123.6% of wave 1 (c) is 123.6 – 161.8% inverse retracement of 3 to 2
Wave 1 of 3 .382/.618 ext 3 of 3 1.0/123.6 ext 4 of 3 1.0-76.4 ext 5 of 3 138.2/161.8 ext