Fibonacci
Golden Ratio
The ratio 1.618 (phi), derived from the Fibonacci sequence. It is the mathematical foundation of Elliott Wave relationships. Wave 3 often equals 1.618 times Wave 1, and Wave 2 commonly retraces 61.8% (the inverse of 1.618) of Wave 1.
RELATED TERMS
Fibonacci Retracement
Price levels derived from the Fibonacci sequence where corrective waves are like...
Fibonacci Extension
Price projections beyond 100% of a measured wave move. Common extension levels a...
161.8% Extension
The most important Fibonacci extension level in Elliott Wave analysis. Wave 3 fr...