V.8:11 (429-431): SIDEBAR: ELLIOTT WAVE PROPORTIONS
Product Description
SIDEBAR: ELLIOTT WAVE PROPORTIONS
According to Elliott wave theory, the first, third and fifth waves are proportional by the 1 to 1.618 to 1 ratio, known as the Fibonacci ratio. Figure 1 illustrates the basic five-wave sequence of the Elliott wave, and Figure 2 shows how waves 1,3 and 5 relate based on the Fibonacci ratio. Figure 3 shows how waves 1, 3 and 5 for bonds would proportionally relate based on the Fibonacci ratio, while Figure 4 shows how wave 3 of a real-life bond move exceeded the ideal proportionality by only 2/32nds in the move from 101-08 to 88-07 during the first four months of 1990.
According to Elliott wave theory, the first, third and fifth waves are proportional by the 1 to 1.618 to 1 ratio, known as the Fibonacci ratio. Figure 1 illustrates the basic five-wave sequence of the Elliott wave, and Figure 2 shows how waves 1,3 and 5 relate based on the Fibonacci ratio. Figure 3 shows how waves 1, 3 and 5 for bonds would proportionally relate based on the Fibonacci ratio, while Figure 4 shows how wave 3 of a real-life bond move exceeded the ideal proportionality by only 2/32nds in the move from 101-08 to 88-07 during the first four months of 1990.
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