Elliot waves meets Fibonacci [Educational]
Hello everyone,
today I like to share how I use elliot waves combined with fibonacci to analyze the market.
The standard rules are:
- Wave 2 can now be lower then the start of wave 1
- Wave 3 should be the longest
- Wave 4 should not breach the high of wave 1
But to have a more objective view there are also price targets to be reached within the different waves. It's a complex subject to show in one chart, so feel free to ask in the comment section if you have any questions.
today I like to share how I use elliot waves combined with fibonacci to analyze the market.
The standard rules are:
- Wave 2 can now be lower then the start of wave 1
- Wave 3 should be the longest
- Wave 4 should not breach the high of wave 1
But to have a more objective view there are also price targets to be reached within the different waves. It's a complex subject to show in one chart, so feel free to ask in the comment section if you have any questions.
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