medium · Elliott Wave Theory fibonacci
A practitioner is calculating Fibonacci retracements for a stock that rallied from $10 to $200 but ended Wave 5 in a truncation at $180.
From which price level should the retracement ratios be measured?
- $180 (The orthodox high)
- The end of Wave 4
- $200 (The absolute high)
- $190 (The midpoint high)
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