A common question from Elliott wave traders is this…
“Should I use arithmetic or log charts for Fibonacci calculations?”
Our friends at Elliott Wave International explain using a great, current example in the price chart of Nvidia (NVDA).
Who is Elliott Wave International?
EWI is the world’s largest independent technical analysis firm. Founded by Robert Prechter in 1979, EWI helps investors and traders to catch market opportunities and avoid potential pitfalls before others even see them coming. Their unique perspective and high-quality analysis have been their calling card for nearly 40 years, featured in financial news outlets such as Fox Business, CNBC, Reuters, MarketWatch and Bloomberg.