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Random article: Fibonacci Expansion
Fibonacci Expansion is built along three points, which describe two waves. To start with, we put the line of the first line (top – bottom, bottom – top) thereby uniting two points. Further the distance of the first wave will be taken as a singular cutting. Then from ending point of the second wave (point 2), we lay the second line to the ending of the second wave. This way we get three connected points, which serve as benchmarks for building invisible line over the distance equal to 61,8 %, 100 % and 161,8 %. Ending of 3 wave is expected on the level of 161,8 %. As per the law of Elliott Waves, that is the ideal ratio between the longest momentum wave to the shortest wave.
