Fibonacci internal retracement:
- The ratios used for internal retracements are 38.2%, 50.0%, 61.8%, and 78.6%.
- Most common retracements end at or around the 61.8% and 78.6%
retracements.
- The 38.2% retracement usually acts a temporary support or resistance instead of
ending the correction.
Fibonacci price expansions:
- The price expansions that are normally used for corrective sections are: 61.8%,
100%, and 161.8%.
- The price expansions that are normally used for Trend sections are: 38.2%,
61.8%, and 100%
- By far, the 100% price expansion is the most commonly found price expansion in
a corrective structure. When a correction reaches a zone that includes one of the
key internal retracements and the 100% price expansion pay close attention.
- Corrective sections hardly ever go beyond the 161.8% price expansion.
- In regards to a trend, the 38.2% and 61.8% price expansions are mostly used to
calculate approximately the end of wave 5 based on waves 1 and 3, from the wave
4 high or low.
- The ratios used for internal retracements are 38.2%, 50.0%, 61.8%, and 78.6%.
- Most common retracements end at or around the 61.8% and 78.6%
retracements.
- The 38.2% retracement usually acts a temporary support or resistance instead of
ending the correction.
- The price expansions that are normally used for corrective sections are: 61.8%,
100%, and 161.8%.
- The price expansions that are normally used for Trend sections are: 38.2%,
61.8%, and 100%
- By far, the 100% price expansion is the most commonly found price expansion in
a corrective structure. When a correction reaches a zone that includes one of the
key internal retracements and the 100% price expansion pay close attention.
- Corrective sections hardly ever go beyond the 161.8% price expansion.
calculate approximately the end of wave 5 based on waves 1 and 3, from the wave
4 high or low.