APPENDIX: RATIOS AND WAVE RELATIONSHIP
The following are popular Fibonacci ratios applied to a five-wave structure, listed here for easy reference:
| Fibonacci Ratios | Wave Relationship |
| 0.382 | (1) Correction of Wave 2 to Wave 1 |
| (2) Correction of Wave 4 to Wave 3 | |
| 0.618 | (1) Correction of Wave 2 to Wave 1 |
| (2) Correction of Wave 4 to Wave 3 | |
| (3) Projection of Wave 3 if Wave 1 is extended | |
| (4) Projection of Wave 5 on the distance from the beginning of Wave 1 to Wave 3 | |
| 0.786 | (1) Correction of Wave 2 to Wave 1 |
| (2) A-B-C correction of five-wave structure | |
| 1.000 | (1) Projection of Wave 3 to Wave 1 |
| (2) Projection of Wave 5 (non-extended), which is equal to the non-extended wave of either Wave 1 or Wave 3 | |
| 1.618 | (1) Projection of Wave 3 to Wave 1 if Wave 1 is non-extended |
| (2) Projection of extended Wave 5 on the distance from the beginning of Wave 1 to Wave 3 | |
| 2.618 | (1) Projection of extended Wave 3 if Wave 1 is not extended |
The following are popular Fibonacci Ratios applied to a three-wave structure:
| Fibonacci Ratios | Wave Relationship |
| 0.382 | (1) Retracement of Wave B to Wave A in a zigzag |
| (2) Retracement of Wave C to Wave A in a zigzag | |
| 0.500 | (1) Retracement of Wave B to Wave A in a zigzag |
| 0.618 | (1) Retracement of Wave B to Wave A in a zigzag |
| (2) Retracement of Wave C to Wave A in a zigzag | |
| (3) Projection of Wave C to Wave A in a flat or irregular flat | |
| 1.000 | (1) Projection of Wave C to Wave A in a zigzag |
| (2) Projection of Wave C to Wave ... |
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