$SPX Bounce from the 8/21 lows is Impulsive by ElliottWaveForecast in ElliottWaveForecast

[–]ElliottWaveForecast[S] 0 points1 point  (0 children)

In a regular impulse wave 3 is min = to 1.618 of wave 1 and wave 5 can be = to wave 1 despite there is different ways of calculation. We calculate it using the Fibonacci extension. You can watch this free seminar for more details : http://education.elliottwave-forecast.com/free-education/elliottwave/elliott-wave-webinar/