• Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1
• Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2
• Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%
• Wave 5
(a) ext from 0-3-4 61.8%
(b) ext from 0-1-4 61.8%, 100%, or 123.6% of wave 1
(c) is 123.6 – 161.8% inverse retracement of 3 to 2
Wave 1 of 3 .382/.618 ext
3 of 3 1.0/123.6 ext
4 of 3 1.0-76.4 ext
5 of 3 138.2/161.8 ext
Wave 4 of 5 1.0 ext
Wave 5 of 5 176.4/2.0 ext
• Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2
• Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%
• Wave 5
(a) ext from 0-3-4 61.8%
(b) ext from 0-1-4 61.8%, 100%, or 123.6% of wave 1
(c) is 123.6 – 161.8% inverse retracement of 3 to 2
Wave 1 of 3 .382/.618 ext
3 of 3 1.0/123.6 ext
4 of 3 1.0-76.4 ext
5 of 3 138.2/161.8 ext
Wave 4 of 5 1.0 ext
Wave 5 of 5 176.4/2.0 ext
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