Elliott and Fibonacci

Mukul Pal, Chartered Market Technician 07 Dec 2010

Phase 3?

Phase 2

Ripples, Waves, Tides Minor, Intermediate, Primary < 3 Weeks, > 6 weeks, > 9 Months Investor, Speculators, Everyone Phase 1

Sub divisions Counting Elliott did not know Fibonacci

3

e 1 4 c

2
c e c a d b a d e

a
b

Who was Fibonacci?

Exponential price Exponential Fibonacci Exponential Time

This is why we can count Elliott like Fibonacci numbers This is why Elliott is considered scientific and ruled by Fractal mathematics. This is why markets are patterned

Proportion
14,093 - 14 Oct 2007

61.8% - Golden Proportion 11,145 25 Apr 2010

~50% = 1/2

6,626 8 Mar 2009

Exponential Symmetry

Channels

Channels

Channels

Key Fibonacci Proportions

Is the proportion complete or incomplete?

Trend or counter trend?

Identifying correctives and counting subdivisions

Potential Fibonacci Projections

Potential Fibonacci Projections

Potential Fibonacci Projections

Potential Fibonacci Projections