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Tuesday, January 21, 2020 6:45:14 AM
How Targets are Calculated
Fibonacci Numbers and Retrace Targets: Explained
![](http://investorshub.advfn.com/uicon/155361.png?cb=636360310707230000)
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Fibonacci Numbers
http://www.stockta.com/cgi-bin/school.pl?page=fib
Fibonacci Retracements
* Golden 61.8% Retracements
* Moderate 38.2% Retracements
* Common 38.2% Retracements
Fibonacci Retracements
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen
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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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![](http://investorshub.advfn.com/uimage/uploads/2017/6/4/ikgjfFibonacci_Retracement_Illustration.png)
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Buy after an Elliott Wave 5-Wave Decline
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The Elliott Wave 5-Waves Sequence
A Basic "A,B,C Corrective Wave"
https://www.metatrader5.com/en/terminal/help/objects/elliott/elliott_theory
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![](http://investorshub.advfn.com/uimage/uploads/2017/2/16/vvrclElliott_Wave_Decline_8_Wave.png)
![](http://investorshub.advfn.com/uimage/uploads/2017/2/16/hgymrElliott_Wave_Chart.png)
Elliott Wave Basics
http://www.acrotec.com/ewt.htm
Elliott Wave Theory
http://ta.mql4.com/elliott_wave_theory
Buy after an Elliott Wave,
5-Wave decline sequence !
A Basic "A,B,C Corrective Wave"
Buy, ONLY when the stocks price,
is trading under the Blue 8-day M.A.
when the Blue 8-day M.A. is under the Red 34-day M.A.
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![](http://investorshub.advfn.com/uimage/uploads/2017/2/16/vvrclElliott_Wave_Decline_8_Wave.png)
![](http://investorshub.advfn.com/uimage/uploads/2017/2/16/hgymrElliott_Wave_Chart.png)
![](http://investorshub.advfn.com/uimage/uploads/2018/1/20/dwhgpElliott_Wave_Cycle_Chart_with_Wave_labels.png)
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![](http://investorshub.advfn.com/uimage/uploads/2017/5/27/zjpwmPoint_of_Maximum_Financial_Opportunity.gif)
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![](http://investorshub.advfn.com/uimage/uploads/2017/6/4/ikgjfFibonacci_Retracement_Illustration.png)
Live! Charts
Buy, ONLY when the stocks price,
is trading under the Blue 8-day M.A.
when the Blue 8-day M.A. is under the Red 34-day M.A.
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![](http://investorshub.advfn.com/uimage/uploads/2017/6/4/ikgjfFibonacci_Retracement_Illustration.png)
Live! Charts
Buy, ONLY when the stocks price,
is trading under the Blue 8-day M.A.
when the Blue 8-day M.A. is under the Red 34-day M.A.
________________________________________________________________
![](http://investorshub.advfn.com/uimage/uploads/2017/6/4/ikgjfFibonacci_Retracement_Illustration.png)
Buy, ONLY when the stocks price,
is trading under the Blue 8-day M.A.
when the Blue 8-day M.A. is under the Red 34-day M.A.
________________________________________________________________
![](http://investorshub.advfn.com/uimage/uploads/2017/6/4/ikgjfFibonacci_Retracement_Illustration.png)
Buy, ONLY when the stocks price,
is trading under the Blue 8-day M.A.
when the Blue 8-day M.A. is under the Red 34-day M.A.
________________________________________________________________
![](http://investorshub.advfn.com/uimage/uploads/2017/6/4/ikgjfFibonacci_Retracement_Illustration.png)
Buy, ONLY when the stocks price,
is trading under the Blue 8-day M.A.
when the Blue 8-day M.A. is under the Red 34-day M.A.
________________________________________________________________
![](http://investorshub.advfn.com/uimage/uploads/2017/6/4/ikgjfFibonacci_Retracement_Illustration.png)
Buy, ONLY when the stocks price,
is trading under the Blue 8-day M.A.
when the Blue 8-day M.A. is under the Red 34-day M.A.
________________________________________________________________
![](http://investorshub.advfn.com/uimage/uploads/2017/6/4/ikgjfFibonacci_Retracement_Illustration.png)
Buy, ONLY when the stocks price,
is trading under the Blue 8-day M.A.
when the Blue 8-day M.A. is under the Red 34-day M.A.
![](http://investorshub.advfn.com/uimage/uploads/2013/8/15/erfjyBig_Wave.jpg)
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