How the Elliot's wave points are calculated ? Is there any formula for that ?
Elliots wave is a technical indicator which is used to predict the market movement by using fibonacci series. The wave is represented by marking the points for 5 upside and 3 downside points. How these 5 upside and 3 downside points are calculated?


http://en.wikipedia.org/wiki/Schr%C3%B6dinger_equation