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

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Fibonacci Number and Ratio Analysis


Figure 10.80 depicts the various possible Fibonacci upside projection ratios
for a top in wave 3, based on size of wave 1.
Figure 10.81 depicts the various possible Fibonacci upside expansion ratios
for a top in wave 5, based on the distance measured from the bottom of wave 1
to the top of wave 3.
Figure 10.82 depicts the various possible Fibonacci upside projection ratios
for a top in wave 5, based on the distance measured from the bottom of wave 1
to the top of wave 3.
Figure 10.83 depicts the various possible Fibonacci upside expansion ratios
for a top in wave 5, based on the distance measured from the bottom of wave 1
to the bottom of wave 4.
Figure 10.84 depicts the various possible Fibonacci upside projection ratios
for a top in wave 5, based on the size of wave 3.
Figure 10.85 depicts the various possible Fibonacci wave size ratios allowable
for a wave 3 according to the rules of Elliott wave construction.

Figure 10.80 Probable Ratio Projection Values of Wave 1 for a Top in Wave 3.

Figure 10.81 Probable Ratio Expansion Values for a Top in Wave 5.
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