fibonacci retracement levels

Elliott Wave Theory Rules Cheat Sheet

Elliott Wave, Fibonacci / By Steve Burns

Here are the Elliott Wave Theory rules showing how each wave tends to work out in comparison to past waves, the key correlations with the Fibonacci levels. and approximately the percentage of time that price tends to stay inside each Fibonacci level. This is a quick reference cheat sheet for those wanting to track Elliott …

Elliott Wave Theory Rules Cheat Sheet Read More »

Fibonacci Retracement Explained

Fibonacci / By Steve Burns

In technical analysis a Fibonacci retracement is a trading methodology for determining high probability support and resistance levels on a chart. It uses the Fibonacci sequence and that is where its name comes from. A Fibonacci retracement uses the theory that price swings on charts will usually retrace and backfill a mathematical portion of a …

Fibonacci Retracement Explained Read More »