trader53 Saturday, 03/24/18 02:26:33 AM Re: trader53 post# 146574 Post # of 202353 Fibonacci Numbers and Retrace Targets: Explained 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 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77145842 ________________________________________________________________ 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. ________________________________________________________________ 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. ________________________________________________________________ Buy after an Elliott Wave 5-Wave Decline https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137833062 _________________________________________________________________