161.8% Extension
161.8% Extension in Elliott Wave Theory: The most important Fibonacci extension level in Elliott Wave analysis. Wave 3 frequently extends to exactly 161.8% of Wave 1. This level serves as both a target for Wave 3 and a confirmation that an extension is underway.
What 161.8% Extension Means
The most important Fibonacci extension level in Elliott Wave analysis. Wave 3 frequently extends to exactly 161.8% of Wave 1. This level serves as both a target for Wave 3 and a confirmation that an extension is underway.
Wave 1 moves from $100 to $110 ($10). The 161.8% extension projects Wave 3 to reach $116.18 from the end of Wave 2.
Where You'll See It
161.8% Extension appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the fibonacci family of Elliott Wave concepts and shows up most often when analysts are projecting price targets or measuring retracements from the prior swing.
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → Elliott Wave Cheat Sheet — the 3 absolute rules and 6 Fibonacci relationships
- → Our Methodology — how Artavest analysts count waves on 108 US instruments