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Wave Ratios and Measurements: Lengths
Wave Ratios and Measurements: Lengths
10
Length of Wave 1
1
1
2
Length of Wave 2
2
3
1
Length of Wave 3
3
2
3
4
Length of Wave 4
4
2
Length of Wave 5
5
1
4
2
10~ 179
eSignal, Part 2
1.618
0.14
0.25
2.618
- 0.38
- 4.23
-
- 6.85 (multiples)
0.5
The ratios used in this manual slightly deviate from the standard Fibonacci ratios
listed below. These deviated ratios best fit the short-term wave pattern.
The first wave in an Elliott sequence is Wave 1. The measurement of Wave 1 is
used to find ratios of other waves. These ratios are not rules, but guidelines in
estimating the lengths of different waves.
10~ 180
50%
2
62%
of Wave 1
Chapter 10
4.25
Times
Length
of Wave 1
2.62
3
3
1.62
Length of
Wave One
Length of Wave 3
24%
4
4
38%
Times
Length
of Wave 3
2
10~ 181
eSignal, Part 2
= Wave 1 or
= 1.62 x Wave 1 or
= 2.62 x Wave 1
5
3
4
5 based on length of 1
1
1
4
5 based on length of 1
10~ 182
Chapter 10
4
1
Lower
Channel Line
Now draw two lines parallel to the lower channel line connecting the tops of
Waves 1and 3.
Wave 1 Upper
Channel Line
5
5
4
1
Lower
Channel Line
2
Expect Wave 5 to end on one of the two upper channel lines. Usually, if Wave 3
was a normal wave, Wave 5 tends to end on the channel drawn from the Wave
3 top. If Wave 3 was extended and a runaway type of wave, Wave 5 tends to
end on the channel drawn from the top of Wave 1.
10~ 183
eSignal, Part 2
38%
2
Only 12% held within a
38% retracement
of Wave One
1
73% Retraced between
50% and 60%
50%
2
62%
1
15% Retraced below
the 62% level
62%
2
10~ 184
Chapter 10
Wave 2 Ratio
In the Alcoa Inc. (AA) chart above, Wave 2 retraced between 50% and 62% of
Wave 1.
10~ 185
eSignal, Part 2
Less than 3 = 1
only 2% of the time
1
1.75 X 1
1.6 X 1
2
3
2.62 X 1
2.62 X 1
1.75 X 1
2
10~ 186
30% of
the time
Chapter 10
Wave 3 Ratios
In the Alcoa Inc. (AA) chart above, Wave 3 wound up between 1.618 and 2.618
of Wave 1.
10~ 187
eSignal, Part 2
30%
50%
1
2
3
10~ 188
Chapter 10
Wave 4 Ratios
In the Alcoa Inc. (AA) chart above, Wave 4 retraced between 24% and 38% of
Wave 3.
10~ 189
eSignal, Part 2
4
1
2
0
5
28400
28300
28200
28100
28000
10~ 190
Chapter 10
Even when Wave 3 is extended, our research has found that the Wave 5 sequence
will often end inside the ratios calculated from 03 where 0 (Zero) is the start of
Wave 1. This is the start of the new Five-Wave sequence. The length of 03 is
extended from the end of Wave 4.
Wave 5 usually ends inside the windows of 62% of 03 and equal to 03 added
to the end of Wave 4.
10~ 191
eSignal, Part 2
Notes
10~ 192