How to Quickly Spot Common Fibonacci Ratios on a Chart
Free video lesson from our training service for aspiring traders, Jeffrey Kennedy's Trader's Classroom
by Debbie Hodgkins
Updated: August 12, 2016
Each Elliott wave pattern has its own common Fibonacci relationships between waves. You can use them to set your price targets and determine where the trend should reverse.
In other words, Fibonacci ratios are excellent tools to help you decide where to enter and exit your trades.
Learn more in this clip from Jeffrey Kennedy's service for aspiring traders, Trader's Classroom.
Watch Introduction to the Wave Principle Applied
In this free 15-minute video, EWI Senior Analyst Jeffrey Kennedy explains how to take the Wave Principle and turn it into a trading methodology. You'll learn the best waves to trade, where to set your protective stop, how to determine target levels, and more.