The section below describes how markets perform and how Fibonacci numbers and the Elliot Wave Theory can be used to recognize patterns and anticipate future stock movements. Its description shows that investor psychology oscillates from pessimism to optimism and back in a predictable manner, and how this creates recognizable patterns in the price movement of the stock. The aim of this section is to describe how the Elliott Wave principle and Fibonacci numbers work together and can be used to calculate support and resistance levels.
Table of Contents:
- Rhythmic Pattern of Waves
- Fibonacci: Sequence and Ratio
- The Fibonacci Sequence and Ratio in Nature
- The Fibonacci Sequence and its Application
- Analyzing Ratios
