Trading with Elliott Waves using Fibonacci retrenchment levels
Fibonacci Ratio Relationship and Elliot weave forecast.
12345 Fibonacci Ratio:
• Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1
• Wave 3 is typically 161.8% or 261.8% of wave 2
• Wave 4 is typically 38.2% to 61.8% of wave 3
• Wave 5 is typically 61.8%, 100%, or 123.6% of wave 4