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for Great Speculations. Nov 14, 2013, 09:06am EST Nov 14, 2013, 09:06am EST. Share. ... This means the wave will travel farther than the usual Fibonacci projection for the third wave i.e. the 161. ...
The 61.8% Fibonacci retracement of the rally from around $78.20 on January 20, 2009 to $705 last September lies at $318. That should provide gravitational pull for the stock once we break below $390.
Classic five-wave Elliott structure nearing completion. Resistance is expected around $3.42 amid slowing momentum. RSI hints ...
Fibonacci retracement is a popular tool in technical analysis used by traders to identify potential reversal levels and support or resistance points in the price movement of assets. Based on the ...
This report takes a look at the basics of using Fibonacci ratios and Elliott Wave theory.Fibonacci ratios and Elliott Waves help us look ahead and be prepared for what the financial markets ...
Unknown to the great monk, these Fibonacci numbers fit perfectly into our modern financial markets because ... Doing the math suggests a free ride for the last 21.6% of the rally or sell-off wave.
In the 1930s, during the depths of the Great Depression, ... Traders frequently use these in combination, as Elliott himself argued that his wave patterns often reversed at Fibonacci ratios.
Even in short-term charts, minor Elliott waves are clearly present as are the Fibonacci retracements and projections.. Here is a great recent example in the euro (EUR) / dollar (USD). Throughout ...
In a diagonal, wave 1 is typically the longest with wave 3 in the .768-0.618 x W1 range and wave 5 in the .768-0.618 range. The magnitudes are not rules, but guidelines; but 3 can never be the ...
Eliott wave and Fibonacci predictions - Trend lines. Hello i am Andrej and for the few days I will be here instead of Grega who is our great tehnical analyst for Eliott wave and Fibonacci prediction.
Because the markets often move in 5 wave and 3 wave patterns, and the turning points that create these patterns are often at Fibonacci support and resistance levels (61.8, 161.8, etc), you can ...