- Elliott Waves
- Elliott Waves Explained
- Elliott Wave Magic Illustrated with Wave Charts
- Elliott Wave Edge – How Elliott Wave Traders Win
- Fibonacci Number Series and Elliott Waves
- How to use Fibonacci Ratio Retracements
- Elliott Wave Books
- Ramki’s Watchlist
C.R.Bard, Inc designs, manufactures, packages, distributes and sell medical, surgical, diagnostic and patient care devices. Its market cap is $10.48…
Choosing the right place to draw fibonacci retracements could mark the difference between success and failure in trading decisions.
Most of you know that Fibonacci ratio analysis and Elliott Wave analysis go hand in hand. (Beware of the tendency to think that ratio analysis is more important than understanding the personality of the waves that make up a move). In this post, I am going to show you why I think Reliance Industries Ltd faces a significant resistance at 1822. I use Fibonacci ratio analysis to illustrate my views.