Elliott Wave + Fibonacci Template for Very Active Traders
- The chart represents a trading framework for very active traders
- Fibonacci relations are most typical, where wave 3 is 1.618 times longer than wave 1
- Two other typical Fibonacci ratios between waves 3 and 1, are 1.382 and 2.0
Note: I am not advocating this approach. This is for very nimble, aggressive traders. Most traders could do very well, and maybe better, on balance, by buying 1-2 setups to catch waves 3-4-5
