Fibonacci
0.618 Ratio
The inverse of the golden ratio (1/1.618). It is the single most important ratio in Elliott Wave analysis. Wave 2 commonly retraces 61.8% of Wave 1, making this the primary level for identifying Wave 2 completion.
The inverse of the golden ratio (1/1.618). It is the single most important ratio in Elliott Wave analysis. Wave 2 commonly retraces 61.8% of Wave 1, making this the primary level for identifying Wave 2 completion.