R.N. Elliot’s principle, also known as the Elliott Wave Theory is closely related to the Fibonacci Sequence. It has been concluded that the Fibonacci integer series is the basis of the Wave Theory.
The numbers from the Fibonacci sequence occur repeatedly in the Elliot wave structures. They can be seen in
- Motive waves- 1, 3, 5 waves
- A single full cycle- 8 waves
- The completed motive- 89 Waves
- Corrective patterns- 55 waves
Elliot developed his wave theory before realizing that it reflects the Fibonacci sequence.