In Elliott Wave Theory, wave three is usually the largest and most powerful wave in a trend, Wave three often extends wave one by a ratio of 1.618:1
Wave 3 is related to Wave 1 by one of the following:
Wave 3 = either 1.62 x length of Wave 1
or 2.62 x length of Wave 1
or 4.25 x length of Wave 1
The most common multiples are 1.62 and 2.62. However, if the 3rd Wave is an
extended wave, then 2.62 and 4.25 ratios are more common.
Wave 3 is related to Wave 1 by one of the following:
Wave 3 = either 1.62 x length of Wave 1
or 2.62 x length of Wave 1
or 4.25 x length of Wave 1
The most common multiples are 1.62 and 2.62. However, if the 3rd Wave is an
extended wave, then 2.62 and 4.25 ratios are more common.