Education
Interactive tools
Try out the building blocks of every EllTec analysis yourself: how Elliott waves are structured, where Fibonacci levels lie and how large a position may be for a given risk.
Elliott Wave explorer
Shape a five-wave impulse and the following A-B-C correction with the sliders. The chart checks the three hard Elliott Wave rules live; the guidelines below show the typical Fibonacci relationships.
All three hard rules are fulfilled.
Rules (must hold, otherwise the count is wrong)
- ✓Wave 2 never retraces more than 100% of wave 1. (fulfilled)
- ✓Wave 3 is never the shortest of waves 1, 3 and 5. (fulfilled)
- ✓Wave 4 does not enter the price territory of wave 1. (fulfilled)
Guidelines (often, not always)
- Wave 2 often retraces 50–61.8% of wave 1.
- Wave 3 is often 1.618 × wave 1 and the strongest wave.
- Wave 4 often retraces 23.6–38.2% of wave 3 (alternation with wave 2).
- Wave 5 is often equal to wave 1 (or 0.618 ×) when wave 3 is extended.
- Wave C is often equal to wave A (or 1.618 ×).
Fibonacci calculator
Enter the high and low of a move. The calculator shows where corrections typically find support or resistance (retracements) and where the next move may run to (extensions).
Retracements (correction targets)
| Level | Price |
|---|---|
| 23.6% | 138.2 |
| 38.2% | 130.9 |
| 50% | 125 |
| 61.8% | 119.1 |
| 78.6% | 110.7 |
Extensions (targets of the next move)
| Level | Price |
|---|---|
| 100% | 150 |
| 127.2% | 163.6 |
| 161.8% | 180.9 |
| 200% | 200 |
| 261.8% | 230.9 |
Risk/reward and position size
How large may a position be so that hitting the stop costs only a fixed share of the account? Enter account size, risk per trade, entry, stop and target.
- Position size (units)
- 12
- Position value
- 1,200
- Share of account
- 12%
- Loss if the stop is hit
- 96 (1%)
- Gain if the target is hit
- 288 (2.9%)
- Risk/reward ratio
- 1 : 3
- Hit rate needed to break even
- 25%
Learning tools only. The results are not investment advice and no recommendation to buy or sell.