Section V · Elliott Waves and Fibonacci · Chapter 12

Full example: an XAUUSD cycle step by step

One full gold cycle, counted at two degrees: the (1)–(5) impulse from 4014 to 4107 with the subwaves of wave (3), and the (A)-(B)-(C) correction down to 4062 – with a check of the three rules, the Fibonacci ratios and the four decision levels.