medium · Elliott Wave Theory
What is the typical Fibonacci relationship between successive legs in a contracting triangle?
- The first leg is always 1.618 times the length of the final leg, Wave E.
- Each successive wave relates to the previous wave by a ratio of approximately 0.618.
- Each successive wave is exactly 1.000 times the length of the previous wave.
- Each successive wave relates to the prior wave by the square root of two (1.414).
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