Statistics for Elliot Wave 4. Wave is related to Wave 3 by one of the following:
Wave 4 = either 24% of wave 3
or 38% of wave 3
or 50% of wave 3
The 24% and 38% are the most common.
Retrace 24-30% of wave 3 only 15% of the time
Retrace between 30-50% of Wave 3 60% of the time
Retrace between 50%-62% of wave 3 15% of the time
Retrace more than 62% of Wave 3 10% of the time