The sub waves of the supposed Minute wave "IV" Running Triangle are as follows.
(a) = 43.90
(b) = 67.40
(c) = 33.80
(d) = 21.90
(e) = 17.40
The Fibonacci relationships between the waves are as follows.
67.40(b)/43.90(a) = 1.53
33.80(c)/67.40(b) = .50
17.40(e)/33.80(c) = .514
21.90(d)/43.90(a) = .498
17.40(e)/43.90(a) = .396
The Fibonacci sub wave relationships of Minute wave "IV" support the proposition that the SPX is forming an Impulse wave from 2/11/16 and that Minor wave "3" is nearing completion.
The numbers for each sub wave for example Minuette wave (a) are calculated by measuring the distance from the sub waves point of origin to its termination point.
The point of origin for Minuette wave (a) is the termination point of Minute wave "III" at SPX 2277.50 - 2233.60 the termination point of Minuette wave (a) = 43.90.
The terms Minute wave and Minuette wave are used to describe the degree of the Elliott waves.
For more information please read "Elliott Wave Principle" by Frost and Prechter.