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Unfortunately this does not answer my question. The Fibonacci sequence goes 3,5,8,13,21,34 etc. If the market follows a fibonacci pattern according to Elliot Wave (as it says in various Elliot wave material) it should display this characteristic. That is, the ratio of corrective waves to...

In Elliot Wave Principle expanded ed. by A J Frost and R Prechter it calls a 3-3-3-3-3 correction a horizontal triangle. I know what the book says. I just wanna know how it's supposed to fit into a fib sequence.

I am studying EW theory but I see inconsistencies in the logic. How do corrections fall into a 3-3-5 or 3-3-3-3-3 pattern when hypothetically a correction should follow an impulse? Sometimes this would result in two impulses in succession of different waves one degree larger. However, two...