EURUSD - Elliott Analysis 1:14 Risk Reward
Fibonacci ratios are frequently used to anticipate the length and retracement levels of ABC waves:
Wave B: Traders often look for Wave B to retrace 38.2%, 50%, 61.8%, or other Fibonacci ratios of Wave A.
Wave C: Traders often look for Wave C to be equal in length to Wave A or related to it by a Fibonacci ratio (e.g., 1.618 times the length of Wave A).
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Wave B: Traders often look for Wave B to retrace 38.2%, 50%, 61.8%, or other Fibonacci ratios of Wave A.
Wave C: Traders often look for Wave C to be equal in length to Wave A or related to it by a Fibonacci ratio (e.g., 1.618 times the length of Wave A).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.