Gold: See What This Fibonacci Ratio Says About Trend
By Elliott Wave International Fibonacci numbers follow a sequence that begins with 0 and 1, and each subsequent number is the sum of the previous two (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, and...
Tag: Fibonacci
Junk Bonds: 2 “Golden” Junctures
By Elliott Wave International The Golden Ratio — 1.618 or .618 — is ubiquitous throughout nature. You’ll find this mathematical proportion in the shapes of galaxies, sea horses, pine cones, the arrangement of seeds on a sunflower...
Importance of an Elliott Wave ZigZag Fibonacci Extension
Importance of an Elliott Wave ZigZag Fibonacci Extension Firstly the point of measuring a Fibonacci extension is to get the area pinpointed that an Elliott Wave correction will move against the trend so an entry position into...
Fibonacci theory in forex
Fibonacci is in essence a sequence of numbers which were discovered by Leonardo Fibonacci, an Italian mathematician. The numbers commence with zero, and then 1 after that. The third number is usually calculated by adding 0+1, which...
Four Amazing Tips to Day Trade the Forex Market
When it comes to day trading, things are really hard. The majority of the long-term traders suggest the new traders trade the market in the higher time frame. The position trading strategy is considered to be the...
6 Best Forex Indicators For Beginners
Forex trading is the buying and selling of currencies in a global market. It is a decentralized industry where traders interact over the counter. This market is huge and immensely liquid due to a trading volume which...
Fibonacci Reveals the Stock Market’s Next Big Move
By Elliott Wave International The stock market’s recent triple-digit swings might have many investors wondering if the path of prices is completely random. But, as random as prices may appear, EWI’s analysts can assure you that a...
EURJPY Broke Above the Major Resistance of 124.09
EURJPY broke above the major resistance of the December 2016 high of 124.09, indicating that the long term uptrend from the June 2016 low of 109.04 has resumed. The long term uptrend could be expected to continue...
USDJPY Failed to Break Above 115.50 Resistance
Under pressure by the resistance of the Mar 10 high of 115.50, USDJPY pulled back from 114.36 and the fall extended sharply to as low as 110.23. The pair will find support at around 109.60, which is...
Fibonacci Retracements
Fibonacci numbers were named after an Italian mathematician called Leonardo Fibonacci. Fibonacci developed the numbers in 1170 when he was carrying out studies on the Egyptian Great Pyramid of Giza. Simply put, Fibonacci numbers are a series...