In this lesson, you’ll see how significant the Fibonacci Retracement and Extension tools are when integrated with the Elliott Wave Theory.
You’ll learn how to utilize Fibonacci in conjunction with the Elliott Wave Theory to create a strong analysis/bias within the market, specifically when planning targets and pullbacks (within a trending market).
This is a concept that will be covered over and over again in the following lessons, as it takes time to grasp.
By now, you should already have a good foundational understanding as to the use of the Elliott Wave Theory, but this lesson will take it even further… we’ll now be adding multi-timeframe analysis into the equation.
A run on a higher timeframe is a trend on the lower timeframe - that’s what we wi...