The ideal situation occurs when wave form, ratio analysis, and time targets come together. Suppose that a study of waves reveals that a fifth wave has been completed, that wave 5 has gone 1.618 times the distance from the bottom of wave 1 to the top of wave 3, and that the time from the beginning of the trend has been 13 weeks from a previous low and 34 weeks from a previous top. Suppose further that the fifth wave has lasted 21 days. Odds would be pretty good that an important top was near.A study of price charts in both stocks and futures markets reveals a number of Fibonacci time relationships. Part of the prob­lem, however, is the variety of possible relationships. Fibonacci time targets can be taken from top to top, top to bottom, bottom to bottom, and bottom to top. These relationships can always be found after the fact. It's not always clear which of the possible relationships are relevant to the current trend.