Fibonacci Numbers
http://www.stockta.com/cgi-bin/school.pl?page=fib
Fibonacci Retracements
* Common Retracements
* Moderate Retracements
* Golden Retracements
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen
Fibonacci Retracements
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Fibonacci Numbers
are commonly used in Technical Analysis
with or without a knowledge of Elliot Wave Analysis
to determine potential support, resistance,
and price objectives.
The most popular Fibonacci Retracements are
61.8% and 38.2%
61.8% retracements
imply a new trend is establishing itself.
38.2% retracements
usually imply that the prior trend will continue
38.2% retracements
are considered natural retracements in a healthy trend.
Fibonacci Retracements
can be applied after a decline
to forecast the length of a counter-trend bounce.
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The 50% retracement is not based on a Fibonacci number.
Instead, this number stems from Dow Theory's assertion
that the Averages often retrace half their prior move.
50% retracement
implies indecision.
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Buy after an Elliott Wave 5-Wave Decline
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RCMH - Targets 0.0008 / 0.0015
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