Tuesday, August 11, 2009

Fibonacci Everywhere

The wave structure from the 1018 high so far is exhibiting several Fibonacci ratios.

Wave (ii) retraced wave (i) 38.2%
Wave ii/iii retraced wave i/iii 61.8%
Wave iv/iii retraced wave iii/iii 38.2%
Wave iii/iii is 1.618 x wave i/iii
Wave c of is 1.619 x wave a. Wave c is part of wave iv/iii


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