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Strategies & Market Trends : Fibonacci Dynamics

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To: sammy™ -_- who wrote (226)	3/23/2007 2:36:01 PM
From: sammy™ -_-	of 330

12 A bounce-back from an up-trend Triple Bottom is a buy signal. Triple Top Breakout pattern with large volume, is a buy signal. Triple Bottom breakdown with large volume, is a sell signal. Frederick II had summoned Fibonacci for an audience when he was in Pisa around 1225. His achievements were clearly recognised during his lifetime, although it was the practical applications rather than the abstract theorems that made him famous to his contemporaries. Elliott Wave differs from other cyclical theories in that it suggests no absolute time requirements for a cycle to complete. The Golden Ratio, or Phi, is a number - approximately 1.618. The ratios of Fibonacci numbers converge on Phi. The ratios of successive Fibonacci numbers are as follows: 1/1 = 1.000000 2/1 = 2.000000 3/2 = 1.500000 5/3 = 1.666666 8/5 = 1.600000 13/8 = 1.62500 21/13 = 1.615385 34/21 = 1.619048 55/34 = 1.617647 89/55 = 1.618182 144/89 = 1.617978 233/144 = 1.618056 As you can see - the ratio of two successive Fibonacci Numbers moves higher and lower, but gravitates closer and closer to the Golden Ratio - 1.618.

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