Post by zzamand56 on Mar 12, 2024 3:06:18 GMT -6
To build it, you must first draw a square of 2x2 per side, and inside the square, draw a right triangle with two legs of length 2 and 1. so that the length of the new line is a square root of 5 or approximately 2.236 conditional length units. A more complicated figure is the Golden Spiral, it is constructed using a Golden Rectangle. The principle of construction is to divide the rectangle into smaller squares and rectangles based on the Golden Ratio. The spiral drawn inside the figures will be the Golden Spiral. According to Elliott and his disciples, a stock market has the same mathematical basis as natural phenomena. An ideal or close to real wave easily fits into a spiral and can be analyzed using Fibonacci ratios.
In practice we will not calculate the proportions and we will construct the Fibonacci figures manually, measuring segments and rectangles. To analyze the chart, I suggest using TradingView's built-in capabilities. Ratio Belize Mobile Number List analysis Ratio analysis is an estimate of the relative dimensions, in time and amplitude, of one wave to another. If you are familiar with my articles on the Bill Williams approach ( part 1 and part 2 ), you probably remember that I wrote about the relationships between the lengths of different waves. Unlike Bill Williams, Prechter divides relationships into two categories: Relationships between setbacks.
Relationships between alternating waves and unidirectional waves. Relationships between setbacks A correction often reverses to a certain percentage associated with the Fibonacci ratios of the previous wave. Williams analyzed the size of the pullback based on his positions. For example, the second wave usually retraces between 38.2% and 61.8% of the length of the first wave, while the fourth wave retraces between 38.2% and 50% of the third wave. Prechter, in turn, associates the value of the correction with the type of pullback. For example, the value of sharp retracements is usually 50–61.8% of the previous wave value. Furthermore, Prechter agrees with Williams in the assumption that sharp corrections occur more frequently in the second wave.