The Handbook of Technical Analysis + Test Bank_ The Practitioner\'s Comprehensive Guide to Technical Analysis ( PDFDrive )

Fibonacci Number and Ratio Analysis

Figure 10.94 illustrates the probable time ratio relationships for the comple-

tion of wave 3 based on the duration of wave 1.

Figure 10.95 illustrates the probable time ratio relationships for the comple-

tion of wave 4 based on the duration between the bottoms of wave 1 and wave 2.

Figure 10.96 illustrates the probable time ratio relationships for the comple-

tion of wave 5 based on the duration between the tops of wave 1 and wave 3.

Figure 10.97 is a chart of the daily EURUSD illustrating various time ratio

relationships. We observe that the ratio of the duration of BD to BG is 2, while

Figure 10.94 Fibonacci Trough to Peak Time Ratio Projection.

Figure 10.95 Fibonacci Trough to Trough Time Ratio Projection.