Elliot wave Retracement 183.18, 186.68 ,186.68, 182.60,183.58 ,184.17 ,184.79, 181.73

The Elliott Wave theory is often used in technical analysis to predict market movements based on the psychology of crowd behavior. It suggests that prices move in repetitive wave patterns, generally structured in five-wave impulses followed by three-wave corrections.

To understand the retracements in the context of Elliott Waves, let's walk through the data points you provided:

- **183.18, 186.68, 186.68, 182.60, 183.58, 184.17, 184.79, 181.73**

This looks like a price series, and you are likely interested in seeing if these price levels fit into an Elliott Wave pattern. Since you're asking about retracements, we will need to check if this sequence corresponds to the retracement levels, commonly calculated based on Fibonacci ratios. The most important Fibonacci retracement levels include 23.6%, 38.2%, 50%, 61.8%, and 78.6%.

### Step-by-step approach:

1. **Identify the highest and lowest points**:
   - High = 186.68
   - Low = 181.73

2. **Calculate the retracement levels**:
   Using the high and low, the Fibonacci retracement levels will be calculated by taking the difference between the high and low, multiplying it by key Fibonacci ratios, and adding the results to the low point to get retracement levels.

Let me calculate this for you.

Analyze price movements using Elliott Wave theory and Fibonacci retracement levels. This example calculates Fibonacci retracements for price levels between 183.18 and 186.68, applying key ratios (23.6%, 38.2%, 50%, 61.8%) to predict potential reversal points. Suitable for college-level students and traders.

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