DPLS CEO EVEN TALKING ABOUT R/S ??? AND LOOK AT THE PPS!!!HE IS YOUNG BRASH IGNORANT AND GULLIBLE. YOU DONT EVEN TALK ABOUT R/S STUPID!!!HE HAS NEVER BEEN THRU A R/S YET HE KNOWS HIS WILL BE DIFFERENT!?? YEAH!! RIGHT?! I HAVE BEEN THRU 100 R/S!! THEY ARE NOT PRETTY EVER.!!YOUNG GREEN GULLIBLE. HIGHLY DESTRUCTIVE !!!
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 FibonacciRetracements 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.