Alternative Wave Relationships
Fibo Retracement, What is Fibonacci, Fibonacci Trading Concept, Fibo basics
Course: [ Harmonic Elliott Wave : Chapter 4: Projection and Retracement Ratios ]
Elliott Wave | Forex | Fibonacci |
From many hours of research into the common relationships between waves I noted those that are generated directly from both Fibonacci and the square root of two.
Alternative Wave Relationships
From
many hours of research into the common relationships between waves I noted
those that are generated directly from both Fibonacci and the square root of
two. However, I found more commonly in the trending wave sequence other ratios
that can be derived from Fibonacci ratios.
What
I noted was that specifically with Wave (iii) it is possible to take the ratios
less than 100% and add them to 100%, 200% and occasionally 300% and 400%.
Earlier I listed these ratios as:
5.6%, 9%, 14.6%, 23.6%, 33.3%,
38.2%, 50%, 61.8%, 66.6%, 76.4%, 85.4%, 91%, and 94.4%
To
this list we can add 41.4% and 58.6%.
Mostly
commonly, extensions I find on a very frequent basis are:
138.2%,
176.4%, 223.6%, 261.8%, 276.4%, and 285.4%
In
addition, on a less frequent basis I find 158.6%, 166.7%, 238.2% and have even
noted 361.8%, occasionally 423.6% and also 461.8%.
Harmonic Elliott Wave : Chapter 4: Projection and Retracement Ratios : Tag: Elliott Wave, Forex, Fibonacci : Fibo Retracement, What is Fibonacci, Fibonacci Trading Concept, Fibo basics - Alternative Wave Relationships
Elliott Wave | Forex | Fibonacci |
