How You Can Identify Turning Points Using Fibonacci Part_2

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    2008 Elliott Wave International 1

    Elliott Wave International, Inc.P.O. Box 1618, Gainesville, GA 30503

    (800) 336-1618 (770) 536-0309Fax (770) 536-2514

    www.elliottwave.com

    Wayne Gorman

    How You Can Identify Turning Points Using Fibonacci

    Part 2: How To Use Fibonacci RelationshipsTo Set Trading Strategy

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    2008 Elliott Wave International 2

    How You Can Identify Turning Points

    Using Fibonacci

    Part 2: How To Use Fibonacci Relationships

    To Set Trading Strategy

    Cocoa Starbucks Corporation Euro/USD FX

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    2008 Elliott Wave International 3

    How You Can Identify Turning Points

    Using Fibonacci

    Part 2: How To Use Fibonacci Relationships

    To Set Trading Strategy

    Cocoa

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    Fibonacci Price Cluster:

    (2) retraces .618 of (1) at 876

    C = A at 856

    C(2)

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    Fibonacci Price Cluster:

    (2) retraces .618 of (1) at 876

    C = A at 856

    of C = .618 x ( 8 ) at 869

    End of 9 of C forms GS .382/.618, if ends at 824

    C

    (2)

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    Fibonacci Time Cluster:

    End of 8 of C forms GS .382/.618, if ends on 07/10/01

    In C, .382 x ( 8 ), from end of 9 = 07/09/01 for end of

    In C, .618 x ( 8 ), from end of 9 = 07/13/01 for end of

    C

    (2)

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    Closed at 867

    Profit = 209

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    Closed at 867

    Profit = 209

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    How You Can Identify Turning PointsUsing Fibonacci

    Part 2: How To Use Fibonacci Relationships

    To Set Trading Strategy

    Starbucks Corporation

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    4

    5 (5)

    Fibonacci Price Cluster:

    of 5 = .382 x ( 8 ) at

    40.34End of 9 of 5 forms GS.382/.618, if ends at 40.86

    5 of (5) = .618 x ( 1 3 ) at 39.59

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    4

    Fibonacci Price Cluster:

    9 retraces .382 of 8 at 35.63

    (y) = (w) at 36.22

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    4

    5 (5)

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    4

    (5)

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    How You Can Identify Turning PointsUsing Fibonacci

    Part 2: How To Use Fibonacci Relationships

    To Set Trading Strategy

    Euro/USD FX

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    Fibonacci Price Cluster:

    iv retraces .382 of iii at 1.4523

    C of iv = 1.618 x A at 1.4541

    (5) of C = .382 x ( (1) (3) )at 1.4521

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    v (v) 8

    Fibonacci Price Cluster:

    v = .618 x ( i iii), at 1.4977

    (v) = (i) (iii) at 1.4965

    End of iv forms .50/.50 split of

    (v) , if v ends at 1.5023End of (iii) forms GS .382/.618of 8 , if (v) ends at 1.4878

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    v (v) 8

    Fibonacci Time Cluster:

    End of iii forms GS .618/.382, ifv ends on 11/30/07

    v = .382 x ( i iii), if v ends on11/26/07

    11/26/07 = 34 days for i v

    End of (iv) forms .50/.50 splitof 8 , if (v) ends on 11/29/07

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    Elliott Wave International

    770-536-0309 or 800-336-1618

    www.elliottwave.com