Fibonacci Relationships

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Price and time relationships derived from Fibonacci ratios commonly used in Elliott Wave analysis.

Most common Fibonacci ratios are:

• 38.2%
• 61.8%
• 100%
• 161.8%
• 261.8%

NEoWave Association

While traditional Elliott Wave analysis relies heavily on Fibonacci retracements and extensions, NEoWave places greater emphasis on:

• proportionality,
• time relationships,
• structural complexity,
• and pattern confirmation.

In Glenn Neely's Q&A discussions, Fibonacci relationships are treated as supporting tools rather than absolute requirements. NEoWave recognizes that markets do not always conform perfectly to Fibonacci ratios and that excessive dependence on Fibonacci measurements can lead to incorrect wave labeling.

NEoWave instead evaluates whether:

• wave structures maintain degree proportion,
• corrections consume appropriate amounts of time,
• and lower degree patterns don't take more price, time or complexity than higher degree patterns.

Glenn often emphasizes that timing relationships can be just as important — or more important — than price relationships.