Fibonacci
0.786 Ratio
The square root of 0.618. This ratio marks deep retracements and is often the last defense before a wave count is invalidated. Wave 2 occasionally retraces to 78.6% of Wave 1 in strong corrective moves.
The square root of 0.618. This ratio marks deep retracements and is often the last defense before a wave count is invalidated. Wave 2 occasionally retraces to 78.6% of Wave 1 in strong corrective moves.