how do i interpret type1 elliot wave?

[abhishek]

i have been through R.Wheeler's basic elliot wave classes and i find the MOB and ellipse very interesting tools. What i have been noticing is when there is a wave 4 major, when the forex market moves, so does the numerical 4 move. Stupid as it may seem i still cannot configure whether to sell after seen a wave 4. Another thing is ;how do i use the FIB retracement to figure out a minimum 90% pullback on the oscillator.
In short , i need help to interpret the elliot wave taking into consideration the FIB and PTI.
Kindly help me here.