ELIOT WAVE STUDY- II

 WAVE CALCULATION

USED FOR PRICE CALCULATION
1) Wave 2 is 0.618 times Wave 1
2) Wave 3 is 1.618 times Wave 1
3) Wave 4 is 0.382 times Wave 3
4) Wave 5 is equal to Wave 1
5) Wave A is 0.382 times Wave 5
6) Wave B is 0.618 times Wave A
7) Wave C is equal to Wave A
 
USED FOR TIME CALCULATION
1) Wave 2 is 0.618 times Wave 1
2) Wave 3 is equal to the sum of time between Wave 1 and Wave 2
3) Wave 4 is 1.382 times Wave 2
4) Wave 5 is 1.382 times Wave 4
5) ABC waves is half in length to 12345 waves
6) Wave A and Wave C are of same time duration.
7) Wave B is 0.618 times Wave A