medium · Elliott Wave Theory fibonacci
In the context of expanded flats, why is the Wave C target often calculated as 1.618 × Wave A instead of 1.618 × Wave B?
- This 1.618 rule only applies to expanded flats in commodities
- Wave B is too volatile and erratic to serve as a reliable projection base
- Wave A establishes the initial degree and price scale of the correction
- Wave B must always finish shorter in price length than Wave A of that correction
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