Enter the start and end of wave 1 and the end of wave 2, and this calculator projects common Fibonacci targets for waves 3, 4 and 5. It works for uptrends and downtrends in any market.
How the Elliott Wave calculator works
The calculator uses the price length of wave 1 and common Fibonacci relationships between waves. It measures wave 3 targets from the end of wave 2, then estimates where wave 4 may pull back and where wave 5 may end.
Formulas used
- Wave 1 length = wave 1 end minus wave 1 start.
- Wave 3 target = wave 2 end + wave 1 length × 1.0, 1.618 or 2.618.
- Wave 4 zone = wave 3 end minus wave 3 length × 0.236 or 0.382 (using the 1.618 target for wave 3).
- Wave 5 target = wave 4 end + wave 1 length × 0.618 or 1.0.
Worked example
Wave 1 runs from 100 to 120, a length of 20. Wave 2 ends at 108. The 1.618 target for wave 3 is 108 + 32.36 = 140.36. If wave 3 ends there, a 38.2 percent pullback for wave 4 would end near 128.0. Wave 5 equal to wave 1 would then reach about 148.
Check the rules first
The calculator also checks Rule 1: if wave 2 goes beyond the start of wave 1, it warns you that the count is invalid. Read the three rules and Elliott Wave and Fibonacci to understand the numbers.
Frequently asked questions
What does the Elliott Wave calculator do?
It projects Fibonacci based targets for waves 3, 4 and 5 using the start and end of wave 1 and the end of wave 2.
Does it work for downtrends?
Yes. If wave 1 is a decline, the calculator projects targets below the current price.
Which wave 3 target is most common?
The 1.618 extension of wave 1, measured from the end of wave 2.
Results are estimates for education and planning. Check contract specifications and costs with your broker before you trade. Disclaimer.
