BTC start Wave 5 to touch 61.8%, 100%, or 123.6% of wave 1.
Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure.
Different waves in an Elliott Wave structure relate to one another with the Fibonacci Ratio.
in impulse wave
• 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
Different waves in an Elliott Wave structure relate to one another with the Fibonacci Ratio.
in impulse wave
• 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