Thanks for confirming that Box is drawn on log chart. I have seen many practising this using aritmetic scale chart . In that case the box height is just the price delta of Wave 1 & therefore it becomes insignificant in higher waves 3 or 5.
One more query if you could help on this. I have seen many saying wave 3 extension to be 161.8% of wave 1 or sometimes 261.8% , 461.8% which are fibonaaci numbers. Now these extensions are nothing but extension of price delta of wave 1 if I understand it correctly.
In practise , which one is more used ? Wave 3 = Wave 1 ( log chart ) or the above fibonacci extensions of wave 1 ( which is extension of price delta ) ?
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