Chapter 20. Elliott, Fibonacci, and Gann
By the end of this chapter, you should be familiar with
• The basic tenets of and vocabulary used with the Elliott Wave Theory
• The rules and guidelines of the Elliott Wave Theory
• The construction of the Fibonacci sequence
• The derivation and characteristics of the golden ratio
• The reasons why Elliott Wave Theory can be difficult for the average analyst to apply
Perhaps there is a natural structure in markets. Structure is seen in many phenomena in nature. Although markets appear to be completely man-made, perhaps their existence, flowing from human emotion and reason, is a product of evolution and follows a natural order. After all, nature includes humans among its species. ...