Elliott and Fibonacci
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Transcript of Elliott and Fibonacci
Elliott and FibonacciMukul Pal, Chartered Market Technician
07 Dec 2010
Phase 1
Phase 2
Phase 3?
Ripples, Waves, TidesMinor, Intermediate, Primary< 3 Weeks, > 6 weeks, > 9 MonthsInvestor, Speculators, Everyone
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Sub divisionsCountingElliott did not know Fibonacci
Who was Fibonacci?
Exponential priceExponential FibonacciExponential Time
This is why we can count Elliott like Fibonacci numbersThis is why Elliott is considered scientific and ruled by Fractal mathematics.This is why markets are patterned
Proportion
14,093 - 14 Oct 2007
6,626 – 8 Mar 2009~50% = 1/2
61.8% - Golden Proportion11,145 – 25 Apr 2010
ExponentialSymmetry
Channels
Channels
Channels
Key Fibonacci Proportions
Is the proportion complete or incomplete?
Trend or counter trend?
Identifying correctives and counting subdivisions
Potential Fibonacci Projections…
Potential Fibonacci Projections…
Potential Fibonacci Projections…
Potential Fibonacci Projections…