Fibonacci Projections. You can use fibonacci ratios to project the end of waves three and five in an impulse sequence. If the third wave extends it should move the distance equal to the height of the first impulse wave multiplied by either 1.
Confluence Confluence occurs when you take fibonacci projections off of multiple trends and get the same number and strengthens when it corresponds with other technical advents such as gaps, swing high/lows, chart indicators crossovers (MACD, RSI, ...
Fibonacci Retracements, Fibonacci Extensions and Fibonacci Projections that the three type of indicators that are used widely by traders. But even this is an art.
Many times, price targets are given by Fibonacci projections. Price retracement during a correction phase often will reach Fibonacci retracement levels.
Fibonacci Correction, Fibonacci Extensions, Fibonacci ...
... CORRECTION, FIBONACCI EXTENSIONS, FIBONACCI PROJECTIONS, FOREX TRADING Back to contents page. This chapter highlights the many benefits that leading price indicators like ...
These Fibonacci projections will be made from "key" swing highs and lows obvious on the particular chart we are currently analyzing. The ratios used in this analysis are generally .382, 50, .618.786, 100, 1.272 and 1.618.
 See also: Analysis, Indicator, Trading, Fibonacci, Forex
  
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