TAILIEUCHUNG - Fibonacci applications and strategies for traders Chapter 4

Chapter 4 Working with corrections. According to Elliott, every market moves in rhythms. Impulse waves, defining the major price movement, will have a corrective wave before the next impulse wave reaches new territory | 44 WORKING WITH A 5-WAVE PATTERN Options on futures are a very good alternative to outright futures positions when price swings are big their use takes most of the pressure off finding the perfect entry point. Using an option we can buy or sell against the market trend keep the premiums low and have a limited risk. The option should have a strike price at or in the money and an expiration date of at least three full months. 4 Working with Corrections According to Elliott every market moves in rhythms. Impulse waves defining the major price movement will have a corrective wave before the next impulse wave reaches new territory. Elliott stated Corrections in both bull and bear markets swings are more difficult to learn p 48 . Before beginning the analysis of corrections let us briefly review what has been covered in detail in the previous chapters. Elliott identified three types of corrections 1. Zigzags 2. Flats and 3. Triangles. In addition to these there are the complex corrections 4. Double sideways corrections with 7 sideways waves and 5. Triple sideways corrections with 11 sideways waves. Even though Elliott made the statement It is possible however to know when an elongated wave c will occur by understanding the 45 46 WORKING WITH CORRECTIONS rule of alternation p 51 itdoes not seem likely that the analysis of corrections have forecasting value. It might be possible to see wave c develop based on the rule of alternation but this fails to tell us Whether we are in a single double or triple correction How far wave c will go or When to enter and exit the position. On the bottom line the Elliott concept must make money it is not just a pleasant mental game. Unfortunately Elliott does not give the definitive rules for corrections that would allow a trader to reach this goal. The complexity of the corrections leave too much room for subjective decisions. Used here forecasting does not mean a small breakout of a chart pattern but the ability to predict a significant

• Đầu tư Chứng khoán
• ứng dụng fibonacci
• xây dựng chiến thuật
• chiến thuật giao dịch
• phân tích kỹ thuật
• kỹ thuật chứng khoán
• Luận văn Thạc sĩ Toán học
• Luận văn Thạc sĩ
• Luận văn Thạc sĩ Toán và thống kê
• Luận văn Thạc sĩ Phương pháp toán sơ cấp
• Đồng nhất thức của số Fibonacci
• Ứng dụng của Fibonacci
• Tóm tắt luận văn Thạc sĩ Khoa học
• Toán sơ cấp
• Ứng dụng dãy Fibonacci
• Phương pháp toán sơ cấp
• Luận văn Toán học
• Tính chất dãy Fibonacci
• Tính chất dãy Lucas
• Nghiên cứu toán học
• Đa thức Fibonacci
• Đa thức Lucas
• Luận văn Thạc sĩ Khoa học Máy tính
• Thuật toán Dijkstra Fibonacci heap
• Tìm đường đi tối ưu trên đồ thị
• Lý thuyết đồ thị
• Ứng dụng trong toán phổ thông
• Ứng dụng của số Fibonacci
• Ứng dụng của số Stirling
• Tỷ lệ vàng
• Ứng dụng tỷ lệ vàng
• Dãy số Fibonacci