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“Reverse Fibonacci”: A Simple Way to Set Price Targets

by Jeffrey Kennedy
Updated: December 23, 2020

You probably know what Fibonacci numbers are... remember those famous rabbits?

And if you're familiar with even the basics of Elliott wave analysis, you also know how useful Fibonacci ratios are -- when, for example, you're trying to project potential trend reversal points.

But have you ever heard of "Reverse Fibonacci"? Probably not -- but it can be a very useful tool, as well.

In this video, our Sr. Instructor Jeffrey Kennedy shows you this simple price-projection technique.

Market in focus: coffee. (But you can apply it to any market.)

Free, watch now

Here's why commodity opportunities should be on your radar (if they aren't already)

"What's the trade?" is the most common question on Wall Street.

Investor and traders struggle with this question every day. Commodities are rich with potential trades – just like the cocoa trend you just saw (still in progress). And with ETFs tracking most major commodity markets, investing or trading them is literally easier than ever.

Still, that persistent question remains: "What's the trade?"

We can give you the answers. Since 2012, our Commodity Junctures, under the helm of Jeffrey Kennedy, has uncovered hundreds of potential trade setups based on solid Elliott wave and other technical market evidence.

Euro Stoxx 50: Sentiment Hits “Bellringing” Extreme

This European sentiment measure was at an extreme for the better part of five years. Now, it appears the tide is turning. Be prepared! Optimistic or pessimistic extremes are usually followed by an extreme in the opposite direction.

EUR/USD: From 2-Year Highs to 2-Month Lows. Press “Pause” on the “Fed Pause.”

On May 3, the world's most heavily traded currency pair, the euro/U.S. dollar soared to its highest level in 2 years. Mainstream experts focused on the Fed. Expectations of a "pause" in rate hikes would keep the wind at the euro's back. But that's not what happened. And here's why.

See What Happens When the Fed's Rate Hikes Stop

See our seven-decade chart that shows what happens when the Federal Reserve ends the cycle of interest rate hikes.