Hello Traders. Welcome to Chapter 4.5, where we will be learning about the "Fibonacci Ratio Lengths and Motive Wave Multiples" in Elliott Waves. This chapter dives into how we can determine the target for the next impulse wave. This one is an extremely important chapter if you want to primarily find the next possible targets for each consecutive wave. I have made sure to simplify it as simple as possible.
📚Chapter 4 Glossary:
4.1 Alternation
4.2 Channeling
4.3 Psychology
4.4 Fib-Ratio
📖 4.5 Motive Wave Multiples
4.6 Corrective Wave Multiples
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Here are the ratios for the waves:
• Wave 1 - Has no target, this is the beginning of the wave structure for wave 2-5.
• Wave 3
• 161.8-261.8% extension of wave 1
• There are cases when the 261.8% extension goes past this level (Extension wave within the extension wave - please refer to the guide below about extensions:

• Wave 4
• Wave 4 is related to Wave 3 that will retrace to either the 23.6% or 38.2%
• Wave 5
• 100% of wave 1
• 100% of wave 3
• 61.8% of wave 1-3
• so forth.
- Wave 5 is usually the most difficult ones to calculate as there are variations due to possible extensions as we can see in waves 3 or 5. Wave 3 is the most likely to be extended, and if so, Waves 1 and 5 are probably going to be similar in size and time. If waves 1 and 3 look similar in size, wave 5 will most definitely be extended.
📚Chapter 4 Glossary:
4.1 Alternation
4.2 Channeling
4.3 Psychology
4.4 Fib-Ratio
📖 4.5 Motive Wave Multiples
4.6 Corrective Wave Multiples
-----
Here are the ratios for the waves:
• Wave 1 - Has no target, this is the beginning of the wave structure for wave 2-5.
• Wave 3
• 161.8-261.8% extension of wave 1
• There are cases when the 261.8% extension goes past this level (Extension wave within the extension wave - please refer to the guide below about extensions:

• Wave 4
• Wave 4 is related to Wave 3 that will retrace to either the 23.6% or 38.2%
• Wave 5
• 100% of wave 1
• 100% of wave 3
• 61.8% of wave 1-3
• so forth.
- Wave 5 is usually the most difficult ones to calculate as there are variations due to possible extensions as we can see in waves 3 or 5. Wave 3 is the most likely to be extended, and if so, Waves 1 and 5 are probably going to be similar in size and time. If waves 1 and 3 look similar in size, wave 5 will most definitely be extended.
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🌎 Telegram | t.me/xforceglobal
📢 Twitter | twitter.com/XForceGlobal
🎥 YouTube | youtube.com/c/XForceGlobal
📢 Twitter | twitter.com/XForceGlobal
🎥 YouTube | youtube.com/c/XForceGlobal
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.