Elliott and Fibonacci

Elliott and FibonacciMukul Pal, Chartered Market Technician

07 Dec 2010

Phase 1

Phase 2

Phase 3?

Ripples, Waves, TidesMinor, Intermediate, Primary< 3 Weeks, > 6 weeks, > 9 MonthsInvestor, Speculators, Everyone

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Sub divisionsCountingElliott did not know Fibonacci

Who was Fibonacci?

Exponential priceExponential FibonacciExponential Time

This is why we can count Elliott like Fibonacci numbersThis is why Elliott is considered scientific and ruled by Fractal mathematics.This is why markets are patterned

Proportion

14,093 - 14 Oct 2007

6,626 – 8 Mar 2009~50% = 1/2

61.8% - Golden Proportion11,145 – 25 Apr 2010

ExponentialSymmetry

Channels

Channels

Channels

Key Fibonacci Proportions

Is the proportion complete or incomplete?

Trend or counter trend?

Identifying correctives and counting subdivisions

Potential Fibonacci Projections…

Potential Fibonacci Projections…

Potential Fibonacci Projections…

Potential Fibonacci Projections…