medium · Elliott Wave Theory fibonacci
An analyst is tracking a motive wave in a commodity. Wave 1 traveled 15 points and Wave 3 traveled 35 points.
If a Fifth-Wave Extension is developing, what is a minimum expected target for the length of Wave 5 relative to the start of the impulse?
- 1.000 times the length of Wave 1 only.
- 0.618 times the total length of Wave 3, projected upward.
- 1.618 × the net distance of Waves 1 through 3.
- 2.618 times the length of Wave 3 alone, from its origin.
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