There is a very basic description of how we use Fib levels to find wave counts.
Its basic but this is the overall aim:
Wave 2 looks for the 0.618 Fib of Wave 1
Wave 4 looks for the 0.38 Fib of Wave 3
Wave is an extension of Wave 1 and 2 or Wave 3 and 5.
Keep it simple.
A
2023-12-03 10:40:09 +0000 UTC