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Four Hours to Spare? Instead of Football Plays, Learn Fibonacci Patterns
Take advantage of free time during Fall Break with EWI “Coach” Wayne Gorman
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By Jill Noble
Thu, 17 Nov 2011 17:45:00 ET |
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Lots of red-blooded sports fans will take some time over the next couple of weekends to enjoy college football. And if you're one of those serious fans, you probably know several of the sport's classic patterns.
But when it comes to the markets you trade, how much do you know about technical analysis? When you watch prices, are you confident that you recognize "the game"?
Take a look at the following foundational Elliott "play:"
EWI Senior Tutorial Instructor (aka Head Coach) Wayne Gorman discusses how Fibonacci numbers make up the basic structure of the Wave Principle:
If you look at the different types of waves within Elliott Wave we again see that they comprise these Fibonacci numbers.
For example, 2 modes, motive and corrective (cardinal, by the way means waves that we use numbers for, consonant means that we label waves with letters) 3 groups, 5 orders,13 families, 13 simple patterns: these are all Fibonacci numbers.
His two-part online trading course (recorded live) begins with basic plays like the one pictured above, then builds up to a fast-paced intermediate level course.
Over the course of 4 hours, Wayne shares valuable, practical tools to help you formulate and execute your own trading strategy by combining wave analysis with Fibonacci relationships.
Wayne will walk you through a host of charts and real-world exercises to show you, step-by-step, how to use Fibonacci relationships -- alongside the Wave Principle and as a stand-alone technical tool -- to help you make more confident trading decisions. Learn more NOW>>