"Here the Great British Pound Vs. the U.S. Dollar retraces to precisely the 50% level. Knowing what the most likely targets are within a larger pattern such as Elliott Wave can be extremely valuable information."

methods for applying Fibonacci to make sound trading decisions. As we discuss in our webinar, Fibonacci like all the information we look at, is not a trading “strategy” or “technique”. It is one piece of information that we can use to assist us in making trading decisions.

Most of us are aware that Fibonacci is used to determine IN ADVANCE the most likely turning points for a retracement which is a corrective move within a trend. Fewer people are aware of the methods for using external retracements and alternate price projections. And probably fewer people still use the information available in Fibonacci time projections which tell us WHEN a market may most likely reach its next turning point. Well it gets REALLY interesting when we learn how each wave within an Elliott Wave pattern has a specific typical, minimum and maximum price projection AND how specific combinations of internal retracements, external retracements and alternate price projections are used to determine VERY narrow price targets that are uncanny in their ability to predict where price will turn. Traders who use this information have a distinct advantage in their ability to enter trades with the lowest capital exposure (buying bottoms and selling tops with tight stops) AND have the highest probability of profit.   Click here to read more.