How You Can Identify Turning Points Using · PDF file' 2008 Elliott Wave International 2 How You Can Identify Turning Points Using Fibonacci Part 2: How To Use Fibonacci Relationships

© 2008 Elliott Wave International 1

Elliott Wave International, Inc.P.O. Box 1618, Gainesville, GA 30503

(800) 336-1618 (770) 536-0309Fax (770) 536-2514

www.elliottwave.com

Wayne Gorman

How You Can Identify Turning Points Using Fibonacci

Part 2: How To Use Fibonacci RelationshipsTo Set Trading Strategy




� Cocoa

� Starbucks Corporation

� Euro/USD FX




Cocoa










Fibonacci Price Cluster:

(2) retraces .618 of (1) at 876

C = A at 856

C (2)















(2) retraces .618 of (1) at 876

C = A at 856

0 of C = .618 x (6 8) at 869

End of 9 of C forms GS .382/.618, if 0 ends at 824

0C (2)







Fibonacci Time Cluster:

End of 8 of C forms GS .382/.618, if 0 ends on 07/10/01

In C, .382 x (6 8), from end of 9 = 07/09/01 for end of 0

In C, .618 x (6 8), from end of 9 = 07/13/01 for end of 0

0C (2)







Closed at 867

Profit = 209


Closed at 867

Profit = 209




Starbucks Corporation











4

0 5 (5)


0 of 5 = .382 x (6 8) at 40.34

End of 9 of 5 forms GS .382/.618, if 0 ends at 40.86

5 of (5) = .618 x (1 3) at 39.59


4






4


5 (5)

Alternate Time TargetFibonacci Time Cluster:

End of 3 forms GS .618/.382, if 5 ends on week ending 12/22/06

5 = .382 x (1 3), if 5 ends on week ending 12/29/06

89 weeks for 1 5 = week ending 01/05/07


4


4


9 retraces .382 of 8 at 35.63

(y) = (w) at 36.22


4


4


4

0 5 (5)


4

(5)





Euro/USD FX

















iv retraces .382 of iii at 1.4523

C of iv = 1.618 x A at 1.4541

(5) of C = .382 x ((1) (3)) at 1.4521






v (v) 8


v = .618 x (i iii), at 1.4977

(v) = (i) (iii) at 1.4965

End of iv forms .50/.50 split of (v), if v ends at 1.5023

End of (iii) forms GS .382/.618 of 8, if (v) ends at 1.4878








v (v) 8

Fibonacci Time Cluster:

End of iii forms GS .618/.382, if v ends on 11/30/07

v = .382 x (i iii), if v ends on 11/26/07

11/26/07 = 34 days for i v

End of (iv) forms .50/.50 split of 8, if (v) ends on 11/29/07









Elliott Wave International

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How You Can Identify Turning Points Using · PDF file' 2008 Elliott Wave International 2 How You Can Identify Turning Points Using Fibonacci Part 2: How To Use Fibonacci Relationships