2008 2011 Rising Wave of 38 Fibo Retracement What does it mean

No regrets to the top, hello!

I'm guessing you read the following comment: ** closed higher last Friday, and this time the middle **** laid the foundation for a lower opening this Monday. The Stochastic and Relative Strength Index are turning bullish, suggesting that a short-term low may have been formed or is about to form.

A reading above the 20-day indicates that a short-term low may have formed. If this month's decline continues, the next downside target may be the 38% Fibo retracement of the 2008-2011 upswing.

Fibo retracements are also known as Fibonacci retracements. In the Fibonacci sequence, there are several important numbers that can make a turn, namely 19%, 38%, 50%, 62% and 81% in the previous paragraph, and some commentaries will add 25% and 75%. As a simple example, if a**all the way in the last year**, from 10 yuan to 20 yuan, an increase of 10 yuan, then if it starts to adjust, the most likely adjustment point is the initial **10 yuan + [increase of 10 yuan * (1 - Fibonacci retracement percentage above)].

If the target level of this ** adjustment is the 38% Fibonacci retracement level, then the target point of the adjustment is 10 + [10 * (1-38%)] = yuan, then investors who follow this investment system can wait for the opportunity of re-** the stock of yuan.

Going back to the city, we can see that the bull market began on October 24, 2008 from the US dollar ounce and rose to the dollar ounce on September 6, 2011. Rose as much as USD ounces. Then, according to the first comment, the target point is the 38% Fibo retracement level of the 2008-2011 upswing, and we can calculate this point according to the formula:

USD ounces.

Refers to the retracement level, in most of the software line drawing tools have a**retracement or called**splitting, respectively, take a maximum value and a minimum value, between the two, respectively, given, there is one, but now the common **split line drawing tool does not take this value) these proportional positions of the index or price.

What you mean by this question is that in the period from 08 to 11, find the position of the segment of the main upwave (referring to the uptrend). Subtract the highest point of the band, subtract the lowest point of the band from the highest point of the band, and then multiply by the value.

h-[(h-l) **Partition theory originated from the proportional relationship between magic numbers discovered by mathematician Fibonacci, and now has applications in many aspects, not only **, if you are interested, you can find a very comprehensive introduction in the search for **segmentation or Fibonacci magic numbers. It's really magical, like the Da Vinci Code, or a key that opens the door to the magic of the natural world.

Hello landlord! Generally speaking, the first thing to do is to determine the full length of **** and ****:

The total length of the trend: the starting point is: the lowest price (trough) at the beginning, and the end point: the highest (peak) at the beginning

The total length of the trend: the starting point: the highest point (peak) of the beginning** and the end point: the lowest price (trough) of the beginning

Then divide the previous ** and ** process into 3 segments respectively with the % points, then the amplitude of the future stock price movement in the opposite direction of the previous period is very likely to fall on the above 3 proportional nodes. This is the most basic Fibo retracement usage.

No, it is generally a retracement of the previous high, and it will continue to attack after it is not broken, and it is time to adjust if it is broken.

I don't know what the second wave is, what you said is just the technology of washing dishes and shipping, don't be too nerdy, what wave actually comes from the basic technology of **. It's useless to learn that

Hello, wave theory real.

It is also the most used analysis tool in the world, and it is the most difficult to understand and master in the analysis of the world.

Eliot believes that whether it is a fluctuation or a commodity, it is the same as the waves of nature, wave after wave, repeatedly, with a considerable degree of regularity, showing the characteristics of cyclical cycles, and any fluctuations have traces.

According to Elliott, the characteristics of the wave are: the rise of the stock price index and the ** will alternate; Push waves and correction waves are the two most basic patterns of volatility. The driving wave (i.e., the wave that is consistent with the direction of the market) can be divided into five small waves, which are generally represented by the 1st, 2nd, 3rd, 4th, and 5th waves; The correction wave can also be divided into three small waves, which are usually represented by wave A, wave B, and wave C.

After the completion of the above eight waves (five up and three down), one cycle is completed and the trend will enter the next eight wave cycle. The length of time does not change the pattern of the wave, as the market will still develop according to its basic pattern. Waves can elongate or shrink, but their basic form remains the same.

In conclusion, the wave theory can be summed up in one sentence, the "eight-wave cycle".

This information does not constitute any investment advice and should not be relied upon by investors as a substitute for their independent judgment or decision making based solely on such information.

Wave Theory Plagiarism is the result of the American analyst Ralph BrownNelsonElliot exploits.

Dow Jones works as a research tool to find that the changing structural patterns of stock prices reflect the beauty of natural harmony.

The wave theory states that the market movement repeats a pattern over and over again, and that each cycle consists of 5 rising waves and 3 ** waves. The Elliott Wave Theory divides trends of different sizes into nine categories, with the longest super-large cycles being super-large cycles spanning 200 years, and sub-microwaves covering only a few hours. But regardless of the size of the trend, each cycle consists of 8 waves.

In the technical analysis method of speculation, the role of wave theory is relatively large, and it is also the most commonly used internal trend technical analysis tool for investors. In the practical application of wave theory, it is often difficult to distinguish the situation, and several waves can be established at the same time.

Therefore, it is necessary for investors to understand the characteristics of each wave. The wave theory includes the following eleven basic points.

1.A complete cycle consists of eight waves, five up and three down.

2.Waves can be merged into higher waves, or they can be split into smaller waves of the lower level.

3.The waves that follow the main stream can be divided into five smaller waves one level lower.

4.Of the third push wave, the third wave cannot be the shortest wave.

5.If any of the three push-up waves becomes an extension wave, the duration and amplitude of the remaining two waves will converge.

6.Correction waves usually run in a pattern of three waves.

7.The Fibonacci sequence is the data basis of wave theory.

8.The rate of relapse that is often encountered is and.

9.The bottom of wave 4 can be lower than the top of wave 1.

10.Wave theory consists of three parts: pattern, ratio, and time, and their importance is in order of order.

11.Wave theory mainly reflects the psychology of the masses. The more people participate in a market, the more accurate it is.

The Fibonacci horizontal line is also called the ** dividing line.

This line** is based on the Fibonacci ratio invented by the Italian mathematician Leonlado Fibonacci. This ratio comes from a sequence: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, ......The last digit in this sequence is always equal to the sum of the first two digits, and the ratio of any subsequent digit to the number after it is approximately equal to the first two digits in the sequence.

The Fibonacci line in forex analysis is derived from this ratio. The vast majority of software today has this indicator. When applying the Fibonacci level, it is necessary to confirm the highs and lows of the band

1.A candle has at least one candle with a lower high before and after it, and the high of this candle is the swing high;

2.A candlestick has at least one candlestick with a higher low before and after it, and the low of this candlestick is the swing low.

In practice, the Fibonacci horizontal line is divided into Fibonacci ** and Fibonacci expansion. Key points of application:

1. The segmentation calculation is based on the bottom to the top of a wave of ** as the interval. The results reflected in different intervals express different levels of **.

Second, a wave of rise**, if ** to the strong range adjustment and stand firm, will continue to rise, the goal is to make a new high, but the high will be suppressed by the trend line. Firmness in the strong zone refers to stepping out of a consolidation pattern, and when this consolidation pattern is completed, it is stable without breaking.

Third, a wave of rise, if the **to the strong range below the consolidation, then continue to ** the number of larger, because, in the strong position below the consolidation of the 60 unit line has turned and suppressed**. At this point, the target is to look at the weak position below. Usually the weak level is close to the bottom edge of the ascending trajectory and is the limit of the upward movement.

If you can't stand in this position and continue to probe, then ** will turn.

The stabilization of the weak level is usually a round bottom or platform, which is generally an overpressure level of the infinite disk. If you have a lot of money and can't stand on the weak zone, you will see a weaker trend.

Fourth, the median of ** is mostly touched by probes, rarely staying, and the operation is of little significance. In the pattern of the large cycle, it can be used as a reference level for a strong correction level.

Fibonacci Horizontal Countermeasures: The starting point of a round ** is usually calculated from the top divergence, the top of the track or a significant high. Then until a set of ** waves is completed, hit the lower band.

If you start **, then the high and low points of a round ** are used as the interval and divided by %, then the **target is composed of strong, medium and weak points.

If the ascending pattern A wave has reached above the weak level, then after consolidating the platform B wave, it is expected to attack the strong level. After reaching this level, ** is already approaching the orbital edge and dense area.

Usually, the height of ** is not even weak and it is sideways, it is extremely weak, and it will fall again when it is pressed down. And **After reaching the strong position, as long as the general direction does not change, it usually starts**. Therefore, when rising, each pull is divided into % to determine the operating policy.

Hope it helps!

I don't think anyone else will tell you. The charges don't tell you either.

Go to the Wave Theory team.