The Ultimate Technical Analysis Handbook - Tradingportalen.com
The Ultimate Technical Analysis Handbook - Tradingportalen.com
The Ultimate Technical Analysis Handbook - Tradingportalen.com
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Chapter 5 —How To Apply Fibonacci Math to Real-World Trading<br />
Fibonacci Extensions<br />
Elliotticians often calculate Fibonacci extensions to project the length of Elliott waves. For example, third waves<br />
are most <strong>com</strong>monly a 1.618 Fibonacci multiple of wave one, and waves C and A of corrective wave patterns<br />
often reach equality (Figures 39 and 40).<br />
Figure 39<br />
Figure 40<br />
<strong>The</strong> <strong>Ultimate</strong> <strong>Technical</strong> <strong>Analysis</strong> <strong>Handbook</strong> — © 2009 Elliott Wave International<br />
This ebook includes handpicked lessons from more than 200 pages of EWI’s <strong>com</strong>prehensive<br />
Trader’s Classroom Collection of eBooks. Learn more here: http://www.elliottwave.<strong>com</strong>/wave/ClubTCC<br />
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