How You Can Identify Turning Points Using Fibonacci

Part 2: How To Use Fibonacci Relationships

To Set Trading Strategy

Wayne Gorman

Elliott Wave International, Inc.

P.O. Box 1618, Gainesville, GA 30503
(800) 336-1618 (770) 536-0309
Fax (770) 536-2514
www.elliottwave.com

2008 Elliott Wave International

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

2008 Elliott Wave International

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:

C
(2)

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

C = A at 856

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Fibonacci Price Cluster:

(2) retraces .618 of (1) at 876
C = A at 856

0 of C = .618

x (6

0
C
(2)

8) at 869

End of 9 of C forms GS .382/.618, if 0 ends at 824

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0
Fibonacci Time Cluster:
End of

C
(2)

8 of C forms GS .382/.618, if 0 ends on 07/10/01

In C, .382 x (6

8), from end of 9 = 07/09/01 for end of 0

In C, .618 x (6

8), from end of 9 = 07/13/01 for end of 0

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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 Points

Using Fibonacci
Part 2: How To Use Fibonacci Relationships
To Set Trading Strategy

Starbucks Corporation

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0 5 (5)

Fibonacci Price Cluster:

0 of 5 = .382 x (6

8) at

40.34

End of 9 of 5 forms GS
.382/.618, if 0 ends at 40.86
5 of (5) = .618 x (1
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5 (5)

Alternate Time Target

Fibonacci Time Cluster:
End of 3 forms GS .618/.382, if 5 ends on
week ending 12/22/06
5 = .382 x (1
3), if 5 ends on week
ending 12/29/06
89 weeks for 1

5 = week ending 01/05/07

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Fibonacci Price Cluster:

9 retraces .382 of 8 at 35.63

(y) = (w) at 36.22

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0 5 (5)

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(5)

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How You Can Identify Turning Points

Using 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)
at 1.4521

(3))

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(v)

Fibonacci Price Cluster:

v = .618 x (i
(v) = (i)

iii), at 1.4977

(iii) at 1.4965

End of iv forms .50/.50 split of

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

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(v)

Fibonacci Time Cluster:

End of iii forms GS .618/.382, if
v ends on 11/30/07
v = .382 x (i
11/26/07

iii), if v ends on

11/26/07 = 34 days for i

End of (iv) forms .50/.50 split

of 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

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