In a related observation, unless wave 1 is extended, wave 4 often divides the price range of an impulse wave into the Golden Section. In such cases, the latter portion is .382 of the total distance when wave 5 is not extended, as shown in Figure 31, and .618 when it is, as shown in Figure 32.This guideline explains why a retracement following a fifth wave often has double resistance at the same level: the end of the preceding fourth wave and the .382 retracement point. http://www.elliottwave.net/education...ts/basics5.htm
ALTIN ORAN BELKİ FENER OLUR. Figure 28
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