Elliott wave Theory

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Wayne Gorman
How You Can Identify Turning Points Using Fibonacci
Part 2: How To Use Fibonacci Relationships
To Set Trading Strategy

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How You Can Identify Turning Points
Using Fibonacci
Part 2: How To Use Fibonacci Relationships
To Set Trading Strategy
• Cocoa
• Starbucks Corporation
• Euro/USD FX

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How You Can Identify Turning Points
Using Fibonacci
Part 2: How To Use Fibonacci Relationships
To Set Trading Strategy
Cocoa

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Fibonacci Price Cluster:
(2) retraces .618 of (1) at 876
C = A at 856
C
(2)

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Fibonacci Price Cluster:
(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
0
C
(2)

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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
0
C
(2)

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Closed at 867
Profit = 209

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Closed at 867
Profit = 209

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How You Can Identify Turning Points
Using Fibonacci
Part 2: How To Use Fibonacci Relationships
To Set Trading Strategy
Starbucks Corporation

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0 5 (5)
Fibonacci Price Cluster:
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

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5 (5)
Alternate Time Target
Fibonacci 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

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Fibonacci Price Cluster:
9 retraces .382 of 8 at 35.63
(y) = (w) at 36.22

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0 5 (5)

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(5)

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How You Can Identify Turning Points
Using Fibonacci
Part 2: How To Use Fibonacci Relationships
To Set Trading Strategy
Euro/USD FX

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Fibonacci Price Cluster:
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

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v (v) 8
Fibonacci Price Cluster:
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

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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

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